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US government invites FTX victims to provide information and cooperate with authorities

CCBBA
January 08

A Group of FTX Clients Wants More Information About FTX’s Plans to Sell a Subsidiary

CCBBA
January 07
According to Cointelegraph, a special committee of 18 non-U.S. citizens had raised limited objections to FTX’s plan to sell four independently operating subsidiaries in December last year, arguing that they should understand the sales process to ensure that customer interests are received. represent. They are also concerned that "misappropriated client funds" could be used to acquire or keep the companies afloat. This group of clients has claims against FTX totaling more than $1.9 billion.

Reuters: US SEC is investigating details of FTX investor due diligence

CCBBA
January 06
According to Reuters, the U.S. Securities and Exchange Commission (SEC) is seeking details of the due diligence of FTX investors. According to sources, the SEC has questioned several FTX investors and issued document requests, asking them to provide information on what due diligence policies and procedures they had in place when investing in FTX, and whether they followed these policies when choosing to invest in FTX. and procedures, and whether the investor’s fiduciary duties have been fulfilled.

Bank of France Governor Urges Compulsory Licensing for Crypto Firms

CCBBA
January 06
Bank of France Governor Francois Villeroy de Galhau is urging stricter regulation of French crypto firms, according to Bloomberg. This would predate the EU's landmark Market in Cryptoassets (MiCA) regulation, due to come into force in 2024, which aims to create an EU-wide licensing regime for crypto firms, with a vote scheduled for February. It is reported that it is currently not mandatory to obtain a digital asset service provider (DASP) license in France, and no provider has obtained this license. Some 60 companies have completed the less demanding "registration" with the French market regulator AMF. Villeroy said the current turmoil in the crypto market showed the need for licensing requirements in France.

Memeland: A total of about 18,000 addresses can participate in Captainz minting, and the chance of Waitlist addresses is very small

CCBBA
January 05
The NFT project Memeland tweeted that a total of about 18,000 addresses are eligible to participate in the casting of Captainz (the third NFT series of Memeland ecology) tonight, which includes all Memelist, Potatoz and Waitlist related addresses, considering the current community popularity , it is almost impossible for a Waitlist address to wait for a minting opportunity. If the user only intends to obtain TREASURE MAPZ (distributed to all users who participated in the casting activity for free), it is recommended not to participate in the casting to save gas fees.

SBF lawyer asks judge not to disclose the identities of its other 2 bail sureties

CCBBA
January 04
Lawyers for FTX founder Sam Bankman-Fried filed a letter Tuesday requesting that the identities of two other people who intend to sign on as sureties for his bail package be kept confidential, saying there is no need for public disclosure, according to Bloomberg. “If publicly identified, the two remaining sureties could be subject to media scrutiny and potential targets of harassment, even though they have no material connection to the case,” Bankman-Fried’s attorneys wrote. “As such, the surety Privacy and security are "offsetting factors" that greatly outweigh the assumption that the public has access to very limited relevant information."

KuCoin Labs Launches Blockchain Incubation Program

CCBBA
January 03
According to FINSMES reports, KuCoin Labs announced the launch of the Blockchain Incubation Program, and received support from institutions such as MoonRock Capital, Vertu, CDH Investment, IOBC Capital, and Matrix Partners. It is reported that the incubation plan has five main components, including a dedicated eight-week journey, comprehensive guidance such as technical frameworks, mentor training, additional investment by KuCoin Labs, and provision of funding/partner network. The eight-week incubation program The Astro Selection in the first season will focus on three areas: GameFi, NFT and Metaverse.

New York Post: US SEC chairman met with SBF twice in half a year

CCBBA
January 02
According to the New York Post, Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), met twice with former FTX CEO SBF in less than half a year, and the reason for the meeting was not because Gensler discovered FTX’s misconduct. Gary Gensler also said that the SBF's encryption scandal does not mean that more regulation is needed to curb digital currency abuse and fraud. According to previous news, Gary Gensler worked with and reported to Glenn Ellison, the father of Alameda CEO Caroline Ellisons, when he was teaching at the Massachusetts Institute of Technology. In addition, according to Bloomberg, before FTX went bankrupt, SBF had at least four secret meetings with Biden’s senior advisers. SBF's brother, Gabriel Bankman-Fried, has also visited the White House. Officials said Gabriel Bankman-Fried mainly discussed matters related to the Guarding Against Pandemics Foundation he runs.

Lawyers Representing FTX Non-U.S. Clients Ask Judge to Rule Client Assets Not FTX Property

CCBBA
January 01
Attorneys representing non-U.S. clients of FTX.com filed a motion Wednesday asking a Delaware judge to rule that client assets locked up in FTX are client property, not FTX property, CoinDesk reported. The ad hoc committee of international creditors represented 18 of FTX's international clients with a combined $1.94 billion in assets locked on the FTX platform. Fifteen FTX clients claiming an estimated $1.9 billion in claims are seeking a court order to withhold their names from the public, the Wall Street Journal previously reported. Publicly disclosing clients’ identities would expose them to identity theft and online fraud, and could reduce FTX’s residual value, the client group said.