NFTs
Bankruptcy
What to expect from FTX’s second bankruptcy hearing today; LedgerX sale, doxing creditors, custody of funds
A part of the bankruptcy agenda stated that the FTX debtors are no longer seeking to keep the record sealed. Consequently, information on FTX creditors is likely to be doxed.
Exchanges
Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange
Coinbase users will need to provide the Ethereum transaction ID (TXID) of the lost asset and their Coinbase address, to recover their lost assets without exposing their private keys.
Banking
New York authority lays out conditions for banks to offer crypto-related services
New York regulated banks will need to inform the Department of Financial Services about their intentions to offer crypto services at least 90 days before their commencement.
Regulation
Incoming FCA Chair Ashley Alder says crypto firms facilitate money laundering
Ashley Alder said that crypto firms looking to do business in the U.K. will face strict regulations after his administration takes over in February 2023.
Regulation
Pro-crypto Congressman Tom Emmer looks to reintroduce bill to protect non-custodial blockchain service providers
Congressman Tom Emmer's Blockchain Regulatory Certainty Act seeks to protect non-custodial blockchain service providers from registering as money transmitters.
DAOs
SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
Over 80% of SushiSwap's $5.2 million budget was allocated to salaries, with its top contributors earning up to $500,000 annually.
Regulation
Congressman Tom Emmer alleges SEC Chairman Gensler was aware of FTX fraud
Tom Emmer said Gary Gensler will be held accountable, for holding several meetings with the founder of an exchange that the SEC deemed fraudulent.
Crime
US authority alleges that SBF donated to politicians using other people’s name
Sam Bankman-Fried was arrested by the Bahamas authority on Dec. 12 and set to face trials in the U.S. for crimes including money laundering and wired fraud.
Bankruptcy
SBF allegedly worked with Bahamas government to mint millions of FTX tokens
FTX's legal team claimed that the Bahamas authority worked closely with SBF to mint FTX tokens worth millions of dollars, which were transferred to the government on Nov. 12.
Legal
CFTC suing SBF, FTX and Alameda for commodities law violations
The CFTC claims in its complaint that SBF ordered FTX executives to create features in the exchange's code that allowed Alameda to have "an essentially unlimited line of credit on FTX."
Trading
Hong Kong Stock Exchange to list CSOP Asset Management’s Bitcoin, Ethereum ETF
The Securities and Futures Commission (SFC) of Hong Kong has approved CSOP's application to list its Bitcoin and Ethereum Futures ETF on the HSE on Dec. 16.
DAOs
Courts orders the CFTC to serve lawsuit to Ooki DAO’s original founders
Judge William Orrick said that there was no point indicting all Ooki DAO members when its original founders Tom Bean and Kyle Kistner are known.