One of FTX's acquisitions, the card game Storybook Brawl, is set to be shut down just 13 months after it was acquired.

Judge Lewis Kaplan approved the alternative method employed by Sam Bankman-Fried’s lawyers to monitor his parents’ cell phones despite not meeting some of the conditions set by the court.

Last week, bitcoin and ether prices experienced a downturn, erasing all price gains notched during the weeks-long mini-rally that followed the implementation of the Ethereum blockchain's highly anticipated Shanghai upgrade. However, according to Joe DiPasquale, CEO of BitBull Capital, technical signals found in bitcoin's price chart still look encouraging, and a healthy retest of the support zone between $25K to $27K is a positive sign for continued upward movement. Meanwhile, CoinDesk columnist David Morris suggests that Taylor Swift showed common sense in asking critical questions of FTX during negotiations for a reported $100 million sponsorship deal with the offshore crypto exchange. Even though her question about unregistered securities was unrelated to the risk that ultimately manifested, it was remarkably prescient given the current regulatory crackdowns on crypto exchanges. (Coindesk)

Binance's Chief Strategy Officer, Patrick Hilmann, has accused Sam Bankman-Fried, the founder and former CEO of FTX, of consistently criticizing Binance's CEO Changpeng Zhao (CZ) before FTX's collapse. Hilmann called this behavior "shading" and alleged that SBF frequently spread fake rumors about CZ and referred to him as an "evil Chinese." Hilmann's tweet was based on a report by veteran business writer William Cohan, which included comments from financier Anthony Scaramucci.

Crypto community influencer and Youtuber Ben “BitBoy” Armstrong has been referred to the Federal Bureau of Investigation (FBI) after refusing to appear for a court hearing surrounding his promotion of FTX. 

April 22 (Cointime) - Patrick Hillmann, the Chief Strategy Officer at cryptocurrency exchange Binance, has accused former FTX CEO Sam Bankman-Fried of spreading "fake rumors" about Binance CEO Changpeng Zhao.

Hillmann alleged that Bankman-Fried used his influence to portray Zhao as an "evil Chinese" to further his own alleged scams at FTX.

Binance Chief Strategy Officer Patrick Hillman has accused Samuel Bankman-Fried, the founder of FTX exchange, of spreading false or racist rumors about Binance CEO Changpeng Zhao before FTX's collapse. Hillman's comments were made in response to a Puck magazine article in which an account of FTX's demise was published from the perspective of Anthony Scaramucci of Skybridge Capital. The article revealed that during meetings with officials in Dubai, Bankman-Fried had bad-mouthed CZ, his rival crypto mogul. The rivalry between Bankman-Fried and CZ is well-known, and at one point, Binance offered to rescue FTX in a $1 billion buyout. However, Binance backed out, and FTX filed for bankruptcy hours later. Hillman denied that the animosity between Bankman-Fried and CZ caused Binance to back out of the rescue deal or sell its holdings of FTT.

A number of crypto leaders appear to have lost their “blue checkmark” status following changes to Twitter’s identity verification model on April 20.

Elon Musk Plans To Take On Google’s Bard & ChatGPT With New AI Startup; Metamask User Data From 18 Months Compromised; SEC Poised To Increase Its Scrutiny of Decentralized Finance Exchanges

In the letter, the lawmakers state that compulsory measures could be taken to obtain the requested documents should the agency fail to fulfill their request.

Amazon Launches New Bedrock AI Service To Take On Google and OpenAI; DeFi Exchange Uniswap Launches Uniswap Mobile Wallet; Solana Web 3.0 Smartphone ‘Saga’ Launched; Sales From May 8

Five months after the spectacular implosion of FTX, the Bahamas-based exchange’s new legal team has a message for both the U.S. bankruptcy court and creditors alike: “The situation has been stabilized and the dumpster fire is out.”

Lawyers for FTX founder Sam Bankman-Fried (SBF) have filed for a second extension to comply with new bail conditions that were set in December 2022 but have been modified several times since then. The latest set of conditions, which were updated in March, require SBF to only use a flip phone with no internet access and a laptop with limited functionality, and to surrender all electronic devices.

Ren Protocol has transferred all its assets and shares to cold wallets controlled by FTX Trading, according to a tweet by the protocol. FTX had directed the protocol to transfer all assets to debtor wallets for safeguarding in advance of possible shutdowns of infrastructure and systems. The assets will be held on separate, segregated cryptocurrency wallets different from those used for other debtors. Ren allowed users to transfer tokens such as bitcoin, ether, and dogecoin among different blockchains and became one of the most popular decentralized finance protocols in the 2021 bull run. The protocol was acquired by Alameda Research in February 2022, and in November, Ren Protocol said it was impacted by FTX Group's Chapter 11 proceedings and had no funding to last beyond 2022 for the previous version of its service. Ren's REN token fell as much as 11% in the past 24 hours after the developers tweeted the move.

FTX Japan, the Japanese unit of bankrupt cryptocurrency exchange FTX, may be preparing to reopen after CEO John J. Ray III spoke with officials in Japan regarding the status of the exchange. The decision to possibly reopen comes after an auction to sell the exchange was extended to April 26. The court filing reveals that relevant Japanese officials have been working on guidance concerning the reopening of the exchange, and Ray has made recommendations to Japanese employees. FTX Japan has already allowed customer withdrawals, and Japan has taken steps to regulate the crypto market, including warnings to crypto exchanges regarding registration and the development of a yen stablecoin.

A new report on the bankruptcy of crypto exchange FTX and affiliated companies has revealed major security concerns and chaos in business practices. The report alleges that hot wallets holding tens of millions of dollars-worth of assets were not securely stored, keys to wallets were not well-protected, and private keys for different wallets were stored without appropriate backup procedures.

A new report on the failed crypto exchange FTX claims that most major decision-making was closely controlled by CEO Sam Bankman-Fried and top executives Gary Wang and Nishad Singh, who have both pleaded guilty to charges and are cooperating with authorities.

The collapse of the crypto exchange FTX prompted Dubai regulators to ask for more information from crypto license applicants such as Binance, a Bloomberg report has said. According to the April 5 report, officials from Dubai’s Virtual Assets Regulatory Authority (VARA) have in recent weeks told Binance, which already holds the minimal viable product license, to share more information concerning its ownership structure, governance, and auditing procedures.

The document proposes more tax reform, clearer accounting standards and a DAO law.