FTX wants to recoup loan repayments, collateral, and assets withdrawn by Genesis in the 90-days leading up to the exchange’s declaration of bankruptcy.
OKX plans to share a compensation plan with users who experienced trading issues with SUI after its listing.
Daily Bits…✍️✍️✍️
Former OpenSea executive Nate Chastain was convicted of money laundering and wire fraud after making approximately $50,000 by trading NFTs using insider knowledge gained from his position at the company.
The New York Times, The Financial Times, and Bloomberg requested a US bankruptcy court to release the names of 9 million FTX customers, despite potential exposure to AI-driven scams, as a 90-day deadline on renewing the seal approaches.
The Blockchain Association is leaving New York to concentrate on federal policy in Washington, D.C., amidst increasing cryptocurrency restrictions and a recent statewide ban on specific types of crypto mining.
The SEC removed its formal definition of "digital asset" from a recent hedge fund rule, a reversal from its earlier position to include the term, creating ambiguity in the crypto regulatory landscape as the agency continues to evaluate the term's implications.
Binance unintentionally blocked thousands of Iranian accounts due to U.S. sanctions, causing disruption for users who shouldn't have been affected.
UK lawmakers approved an amendment allowing registered crypto firms to approve their own ads, which is set to become law in around four months if unopposed, providing an exemption until new crypto laws are enforced.
Layer-1 blockchain Sui token's launch on centralized exchanges yielded significant returns for early public sale investors, with the price reaching around $1.25, a 1,200% increase from the initial offering price of $0.10.
The PEPE meme coin, which has surged over 2,100% since its debut, became the most active liquidity pool on Uniswap, with its PEPE-WETH pools accumulating nearly $900,000 in fees in seven days.
The $$$ Corner…
Credibly Neutral, a new crypto venture capital firm, garnered $5.5 million from investors, including cofounders of Polygon, and Solana, as well as ConsenSys founder Joe Lubin's investment firm.
South Korean game publisher Neowiz, through its crypto subsidiary Intella X, launched a $10 million gaming accelerator in partnership with Polygon Labs to fund the development of Web3 games on Polygon.
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