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Weekly News

FTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

After evaluating several law firms, FTX's unsecured creditors' committee has chosen a legal adviser. After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced…

Continue ReadingFTX creditor committee hires Paul Hastings LLP for bankruptcy proceedings: Report

SBF sent home after his parents put up their house to cover his astronomical bail bond

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond. On Dec. 21, Reuters reported that Sam…

Continue ReadingSBF sent home after his parents put up their house to cover his astronomical bail bond

The driving forces behind crypto adoption in Latin America in 2022

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development. Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for…

Continue ReadingThe driving forces behind crypto adoption in Latin America in 2022

Brazilian president signs crypto bill into law

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

The law includes many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers. Jair Bolsonaro, the president of…

Continue ReadingBrazilian president signs crypto bill into law

SBF received special treatment inside Bahamian jail: Report

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV and vegan food. Former FTX CEO Sam Bankman-Fried, who was…

Continue ReadingSBF received special treatment inside Bahamian jail: Report

North Korean hacking activity ceases after regulators implement KYC: Report

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

Intelligence officials say that out of $620 million in crypto stolen by North Korean hackers this year, none were related to South Korea. According to a new report published by…

Continue ReadingNorth Korean hacking activity ceases after regulators implement KYC: Report

Third parties could return FTX funds directly to customers: Law firm

  • Post author:admin
  • Post published:December 23, 2022
  • Post category:Weekly overview

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings. More than one million…

Continue ReadingThird parties could return FTX funds directly to customers: Law firm
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