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FTX
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.

Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims
Genesis Global Capital leads the revised list that un-redacted the names of several creditors.

Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock
The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.

Ex-FTX.US Head Raises $5M for Startup Months After Exchange's Collapse
Brett Harrison's project received investments from the venture arms of Coinbase and Circle.

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.

Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing
The issue of the law firm is expected to be the subject of a bankruptcy court hearing scheduled for Friday.

New FTX CEO Trying to 'Clear the Wreckage' After Crypto Exchange Collapse: Lumida CEO
New FTX CEO John J. Ray III is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal. Lumida CEO and co-founder Ram Ahluwalia discusses the possibilities of FTX's comeback and Genesis Global Capital's reported bankruptcy concerns. Plus, why he thinks a key idea about securities law "is being lost" in the Gemini and Genesis debate. DCG owns Genesis and CoinDesk.

CleanSpark Builds Additional Mining Capacity; Could FTX Be Revived?
Bitcoin miner CleanSpark (CLSK) started the construction of 50 megawatts (MW) of infrastructure, which could increase its computing power by 25% to 34%. Separately, FTX new head John J. Ray III, is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal.

Alameda Research-Connected Bank Exits Crypto Business
Farmington State Bank, a small community bank in the state of Washington, is also changing its name.

FTX Could Be Revived, Says New CEO
According to the Wall Street Journal, the new head of FTX, John J. Ray III, is exploring the possibility of restarting the bankrupt crypto exchange. "The Hash" panel discusses what this could mean for the future of FTX.
