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FTX
Diddy Hires Sam Bankman-Fried’s (New) Lawyer
The unlikely pair already share a cell. Now they share a lawyer.
Open Interest in XRP Jumps to Over $1B; Bitcoin Mining Profitability Fell Again in September: JPMorgan
"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as open interest in XRP tokens have surged in the past few days amid the hype around Ripple Labs' forthcoming stablecoin RLUSD. Plus, a reorganization plan for bankrupt crypto exchange FTX has gained support from 94% of so-called FTX Dotcom customers and a JPMorgan report shows that bitcoin mining profitability fell for the third straight month.
FTX Dotcom Creditors Vote Massively in Favor of Reorganizing Plan
The plan promises to return 118% of claims in cash to most creditors, who represent about $6.83 billion in claims by value.
What to Expect at Former Alameda Research CEO Caroline Ellison's Sentencing
Caroline Ellison is the third FTX executive to be sentenced.
Could We Still See a Crypto Bill This Year?; FTX’s Accounting Firm to Pay SEC $1.95M in Settlements
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Rep. Patrick McHenry and Sen. Cynthia Lummis maintain their position that a chance remains for a crypto bill to clear Congress before the end of the year. Plus, FTX accounting firm Prager Metis agrees to pay $1.95 million in settlement to the SEC, and CFTC Chair Behnam speaks on the legal battle against Kalshi.
FTX’s Accounting Firm Prager Metis to Pay SEC $1.95M to Settle Negligence Allegations
The international accounting firm will pay $745,000 to settle the FTX-related allegations alone.
Binance Facing Heavier Scrutiny From the SEC; FTX Founder Sam Bankman-Fried Appeals Conviction
"CoinDesk Daily" host Benjamin Schiller breaks down the biggest headlines in the crypto industry today, as the U.S. SEC filed a proposed amended complaint against crypto exchange Binance. Plus, FTX founder Sam Bankman-Fried has appealed his fraud conviction and DeltaPrime saw over $6 million worth of various tokens drained from its wallets due to a private key leak.
Former FTX Executive Caroline Ellison's Sentencing Hearing Set for Sept. 24
Ellison ran Alameda Research, the FTX-affiliated hedge fund, and testified that she committed fraud at founder Sam Bankman-Fried's direction last year.
Prosecutors Tell NY Court They Didn’t Renege on FTX Exec Ryan Salame’s Plea Deal
Salame and his lawyers knew his guilty plea would not resolve the criminal investigation into his partner, Michelle Bond, prosecutors told the judge.
SEC Might Challenge FTX Bankruptcy Estate From Paying Back Customers With Stablecoins
The SEC said that it may challenge any transactions of distributions involving crypto assets to creditors.
