US Senate Hearing to Discuss FTX, New York Bans Proof of Work, and FTX Appraises its Assets: Hodler's Digest, November 20-26
Available every Saturday, Hodler's Digest will help you follow every major news story that happened this week. The best (and worst) quotes, adoption and regulatory highlights, major coins, predictions and more - a week on Cointelegraph in one link.
Top stories this week Tornado Cash developer Alexey Pertsev will remain detained until next year's hearingAs part of an ongoing investigation into crypto mixer Tornado Cash, product developer Alexey Pertsev will face at least an additional three months of detention, according to a court order this week. Earlier in 2022, US authorities flagged Tornado Cash as a tool that nefarious parties allegedly used to launder funds. Pertsev was arrested on suspicion of foul play, although the situation sparked controversy.
US Senate committee plans FTX hearing for Dec. 1, CFTC chief to testifyA US Senate hearing scheduled for December 1 will examine FTX and the events surrounding its downfall. Titled “Why Congress Must Act: Lessons from the FTX Collapse,” the hearing will feature Commodity Futures Trading Commission Chairman Rostin Behnam among other witnesses. According to a recent case, FTX Trading Ltd. owes a combined sum of more than $3 billion to its 50 largest creditors.
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CryptoFed's U.S. Registration Under Threat as SEC Alleges Filing AnomaliesAmerican CryptoFed DAO may lose its registration as a legal entity after the U.S. Securities and Exchange Commission (SEC) discovers discrepancies in the company's Form S-1 registration statement in September. According to the SEC, the form lacks vital information about American CryptoFed DAO, such as audited financial statements and details about its operations and management. CryptoFed was the first Decentralized Autonomous Organization (DAO) to gain legal recognition in the United States in July 2021.
Bankrupt Crypto Exchange FTX Begins Strategic Review of Global AssetsFormer crypto exchange FTX has launched a strategic review of its global assets as part of its recent bankruptcy filing, attempting to maximize recoverable value for stakeholders. The assets of 101 of FTX's 130 affiliates are also under review. According to John J. Ray III, the new CEO of FTX, the subsidiaries are solvent and can be sold or restructured to reduce losses.
Amber Group co-founder Tiantian Kullander dies at 30Tiantian "TT" Kullander, co-founder of Amber Group, died unexpectedly in his sleep on November 23, according to a statement from the company. He was 30 years old and leaves behind a wife and a son. Kullander also served on the board of esports company Fnatic and founded KeeperDAO. Earlier in his career, he worked in structured credit trading at Goldman Sachs and as an emerging markets trader at Morgan Stanley.
Available every Saturday, Hodler's Digest will help you follow every major news story that happened this week. The best (and worst) quotes, adoption and regulatory highlights, major coins, predictions and more - a week on Cointelegraph in one link.
Top stories this week Tornado Cash developer Alexey Pertsev will remain detained until next year's hearingAs part of an ongoing investigation into crypto mixer Tornado Cash, product developer Alexey Pertsev will face at least an additional three months of detention, according to a court order this week. Earlier in 2022, US authorities flagged Tornado Cash as a tool that nefarious parties allegedly used to launder funds. Pertsev was arrested on suspicion of foul play, although the situation sparked controversy.
US Senate committee plans FTX hearing for Dec. 1, CFTC chief to testifyA US Senate hearing scheduled for December 1 will examine FTX and the events surrounding its downfall. Titled “Why Congress Must Act: Lessons from the FTX Collapse,” the hearing will feature Commodity Futures Trading Commission Chairman Rostin Behnam among other witnesses. According to a recent case, FTX Trading Ltd. owes a combined sum of more than $3 billion to its 50 largest creditors.
Read also
FeaturesWhat It's Like When The Banks Crash: Iceland 2008 First-Hand
FeaturesCrypto leaders are obsessed with life extension. Here's why
CryptoFed's U.S. Registration Under Threat as SEC Alleges Filing AnomaliesAmerican CryptoFed DAO may lose its registration as a legal entity after the U.S. Securities and Exchange Commission (SEC) discovers discrepancies in the company's Form S-1 registration statement in September. According to the SEC, the form lacks vital information about American CryptoFed DAO, such as audited financial statements and details about its operations and management. CryptoFed was the first Decentralized Autonomous Organization (DAO) to gain legal recognition in the United States in July 2021.
Bankrupt Crypto Exchange FTX Begins Strategic Review of Global AssetsFormer crypto exchange FTX has launched a strategic review of its global assets as part of its recent bankruptcy filing, attempting to maximize recoverable value for stakeholders. The assets of 101 of FTX's 130 affiliates are also under review. According to John J. Ray III, the new CEO of FTX, the subsidiaries are solvent and can be sold or restructured to reduce losses.
Amber Group co-founder Tiantian Kullander dies at 30Tiantian "TT" Kullander, co-founder of Amber Group, died unexpectedly in his sleep on November 23, according to a statement from the company. He was 30 years old and leaves behind a wife and a son. Kullander also served on the board of esports company Fnatic and founded KeeperDAO. Earlier in his career, he worked in structured credit trading at Goldman Sachs and as an emerging markets trader at Morgan Stanley.
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