Sam Bankman-Fried Political Donations Can Be Reclaimed As ‘Fraudulent Transfers’
While experts predict that SBF could likely face jail term over misuse of crypto funds, the onus is now on his political donations. XRP lawyer John Deaton said FTX can approach those who received its funds 90 days before it filed for bankruptcy. This could mean all the political beneficiaries of SBF can be hit with preference claims.
Sticking to Core Fundamentals Saved Polygon From FTX Calamity, Says Polygon Co-founder
“I am happy to see @0xPolygon ecosystem was lucky to come out safe from all this chaos. I can speak for myself and a few ecosystem founders I spoke with,” Polygon co-founder Sandeep Nailwal <a href="https://twitter.com/sandeepnailwal/status/1591157307152683008">said in a tweet</a> on Saturday.
Congressman Tom Emmer “More Concerned Now” That SEC’s Crypto Strategy Isn’t Working
US Congressman Tom Emmer has faulted the Securities and Exchange Commission (SEC) for failing to prevent the FTX collapse despite outwardly promoting tough crypto-focused rules.
Billionaire Mark Cuban Still Bullish On Crypto Despite FTX Collapsed
NBA Dallas Mavericks owner Mark Cuban on Saturday said he isn’t giving up on crypto just because of the collapse of crypto exchange FTX. He believes FTX former CEO Sam Bankman-Fried may go to jail, but the crypto industry still has a lot of underlying value. On Monday, Mark Cuban started unfollowing many crypto Twitter accounts, with some believing that he is distancing himself from crypto.
SEC Chair Under US Congress Radar Over Celsius, Voyager, FTX Failures
The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been under the constant scrutiny of Congress for its approach towards the digital asset industry. The crypto market has witnessed the collapse of major tokens, exchanges and lending firms throughout the year.
SBF Likely To Get Lighter Sentence If Arrested, Predicts XRP Lawyer
Sam Bankman-Fried (SBF) led the FTX crash has caused a heavy dent in the digital asset market. As the FTX contagion is on a spread, the crypto community and leaders have called out watchdogs for letting SBF free till now. However, the XRP lawyer dropped his predictions over SBF’s possible arrest.
Binance Publishes PoR System, MetaMask to Collect User IP Addresses | Cointime Weekly Nov.20 – Nov.26
Kraken CEO calls Binance PoR system "pointless"; FTX Started Bankruptcy Proceedings; Binance launches $2B for its crypto recovery fund; Elon Musk says Wall Street Journal was giving foot massages to Sam Bankman-Fried.
Singapore Parliament to Discuss Temasek’s Investment in FTX
Temasek’s investment in collapsed cryptocurrency exchange FTX will be discussed at the next Parliament sitting, which starts on Monday (Nov 28).
Silvergate Faces ‘Wide Range of Outcomes and Risks’ From FTX Fallout: Morgan Stanley
Morgan Stanley has once again lowered its 2023 EPS estimate for Silvergate Capital (NYSE: <a href="https://seekingalpha.com/symbol/SI?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews">SI</a>), arguing that the digital asset-focused bank faces a "wide range of outcomes and risks" from the demise of crypto exchange FTX.
Terra Researcher: FTX Publicly Manipulated the Voyager Bidding Process
What would have happened if someone else won the auction? Voyager's estate would have recalled FTX/Alameda's loans.
