Latest from Cheyenne Ligon
FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’
At a hearing on Wednesday, lawyers for the now-defunct exchange described it as a “digital Potemkin village” run by former CEO Sam Bankman-Fried.
Crypto Exchange FTX Could Reopen, Its Attorney Says; Firm’s FTT Token Surges
FTT's price more than doubled.
Sen. Warren, Rep. AOC Ask Circle, BlockFi Why They Banked at SVB
The lawmakers are asking 14 firms about SVB’s “white glove” treatment of some of its largest depositors.
Wyoming Defends ‘Legitimacy’ of Its Crypto Charter Framework in Custodia Lawsuit
The state's attorney general claims the Kansas City Fed’s decision to deny Custodia’s master account rests partly on “perceived inadequacies in Wyoming’s laws and regulations.”
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”
NYDFS Chief Dismisses 'Choke Point 2.0' Theory of Signature’s Closure as 'Ludicrous'
Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”
Tron Founder Justin Sun Reportedly Lost His Diplomatic Status
Grenada recalled all diplomats after the June 2022 election, when the party that granted Sun's title was ousted from power, the Grenada Broadcasting Network reported.
FTX Founder Sam Bankman-Fried Pleads Not Guilty to Latest Bribery Charge
Prosecutors added an attempted bribery charge earlier this week.
Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products
The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.
Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry
Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the sustainability of a crypto-focused bank.
