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Bankrupt FTX Wants Mike Novogratz’s Galaxy to Manage its Crypto Holdings

Bankrupt crypto exchange FTX is seeking to hire Mike Novogratz’s Galaxy as an advisor to help sell, stake and hedge its sizable crypto holdings, according to court filings. "The Hash" panel discusses the latest developments and the financial conditions of the defunct exchange as the bankruptcy case is burning as much as $1.5 million every day in legal costs.

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Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy

Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.

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Binigyan ng Green Light ang Mga Abogado ni Sam Bankman-Fried para sa Walang Limitasyong Pagbisita sa Bilangguan

Bibisitahin siya ng mga abogado ng founder ng FTX sa bilangguan upang ihanda ang kanilang depensa matapos tanggihan ng isang hukom ang Request ni Bankman-Fried na magkaroon ng araw-araw na pagpupulong sa opisina ng kanyang mga abogado sa Manhattan.

(Elizabeth Napolitano / CoinDesk)

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Tina-tap ng FTX ang Galaxy para Ibenta, I-stake at I-hedge ang Bilyon-bilyong Crypto nito

Nais ng bankrupt exchange na ibalik ang mga pondo sa mga nagpapautang sa dolyar nang walang denting halaga.

New FTX CEO John J. Ray III (C-Span)

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FTX Bankruptcy Burning Through $1.5M sa Legal na Gastos Araw-araw

Nagdadalamhati ang mga nagpapautang sa mabilis na pag-ubos ng pera mula sa pagkabangkarote ng pandaigdigang palitan habang ang proseso ay umaabot sa higit pang mga buwan.

(Danny Nelson/CoinDesk)

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Sam Bankman-Fried's Defense Strategy; Binance.US Customers Now Have Access to MoonPay

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin hovers around $26,300 and XRP has lost nearly all its gains since the historic Ripple ruling. FTX founder Sam Bankman-Fried has settled on a legal strategy ahead of his criminal trial this October. The FBI is warning North Korean hackers could try to sell millions of dollars worth of bitcoin. And, Binance.US customers now have access to MoonPay.

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Could Sam Bankman-Fried's 'Blame-the-Lawyers' Strategy Work?

Sam Bankman-Fried's defense team published a letter detailing a planned "advice of counsel" strategy, which argues that the FTX founder was acting in "good faith" in loaning funds to FTX and Alameda executives because he was following the advice of lawyers, including law firm Fenwick & West. "The Hash" panel weighs in on the latest developments in the case.

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FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense

Sam Bankman-Fried intends to argue he was acting in "good faith" in loaning funds to FTX and Alameda executives, in setting Signal messages to auto-delete and in setting up a set of North American entities because he was following the advice of lawyers, including law firm Fenwick & West. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the latest developments and what happened inside the courtroom during Bankman-Fried's Tuesday arraignment.

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XRP Gives Up Nearly All Gains Made After Ripple's Partial Win Against the SEC

XRP has lost nearly all gains after Ripple Labs’ landmark court ruling over the U.S. Securities and Exchange Commission (SEC) in July. TheoTrade co-founder Don Kaufman shares his reaction as bitcoin (BTC) and other major cryptocurrencies remain little-changed after the largest cryptocurrency by market cap saw its worst weekly performance since FTX's collapse.

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Ang Tagapagtatag ng FTX na si Sam Bankman-Fried ay Balak na Sisihin si Fenwick at West Lawyers sa Kanyang Depensa

Si Sam Bankman-Fried ay humarap sa korte noong Martes upang umamin na hindi nagkasala sa pinakahuling akusasyon.

Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)