According to recent rumors, the case’s fees might reach hundreds of millions, rivaling New York-based legal firm Weil Gotshal’s $440 million from the 2008 Lehman Brothers bankruptcy.
BitcoinworldFTX confirmed recovering over $5 billion in crypto, cash and liquid securities, $415 of which was stolen through hacks.
BeincryptoBlockFi has commenced restructuring proceedings to stabilize the business and maximize value for its customers and stakeholders.
BitcoinistWhite-shoe law firm Paul Weiss is reportedly out – and SBF’s dad’s co-worker is in.
CoindeskAxelar is partnering with leading infrastructure company Mysten Labs to enable decentralized applications built on Mysten’s Sui blockchain.
OthersThe Securities and Exchange Commission (SEC) has been extensively criticized for its regulatory stance in the crypto sector.
FinboldThe hack meant that all crypto going into the Bitcoin ATM would instead be siphoned off by the hackers.
CointelegraphJoe Cisewski formerly provided Pantera Capital with legal and regulatory guidance relating to the firm’s funds and investment advisors.
Cointelegraph“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty.
CointelegraphDuring his time at the CME Group, Bruce Fekrat regulated crypto reference rates and helped in the development of financial products, including BTC and ETH derivatives.
Cointelegraph