Riding The Wave News Summary 181
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL, Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce, & more.
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Tweets
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce
Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong
Tweets
https://twitter.com/WatcherGuru/status/1702014395344122237
https://twitter.com/GameofTrades_/status/1701938024710382009
https://twitter.com/rektcapital/status/1701512392952209578
https://twitter.com/burrytracker/status/1701622387505324159
https://twitter.com/WClementeIII/status/1701618568167584019
https://twitter.com/WClementeIII/status/1701598940800725338
https://twitter.com/GiancarloChaux/status/1701585267549679655
https://twitter.com/intocryptoverse/status/1701437769552208102
https://twitter.com/WhaleChart/status/1701237756339380713
https://twitter.com/JeffWeniger/status/1699164199182553516
https://twitter.com/TechDev_52/status/1700912249844506703
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday.
In a court hearing, Judge John Dorsey said that he approved the motion and overruled two objections that were made opposing the plan. This allows the bankrupt exchange to sell, stake and hedge its crypto holdings, which it said are worth over $3.4 billion.
"[FTX's] view is that the the digital assets we're selling are assets of the debtors," an attorney representing the exchange said. Another lawyer said the assets are all in one pool, and are "not traceable to the individual customer."
Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce
Binance.US CEO Brian Shroder has left the crypto exchange and the company has eliminated one-third of its workforce, according to a spokesperson.
It's been a tough year for crypto exchanges in the U.S., with Binance.US feeling particular pressure. The Securities and Exchange Commission sued the company in June for allegedly violating securities laws, which built on accusations from another American regulator.
Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust
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