FTX attempts to maintain ownership of Robinhood shares in court

FTX and Alameda Research are attempting to secure ownership of Robinhood stock worth over $440 million, based on a court filing dated Dec. 22. According to the text of the filing, Emergent Fidelity Technologies currently holds about 56 million Robinhood shares (HOOD). Emergent Fidelity Technologies is 90% owned by Sam Bankman-Fried, the former CEO of…

Alameda CEO Caroline Ellison pleads guilty, faces no criminal charges

Caroline Ellison, the CEO of Alameda Research, won’t face any criminal charges for her role in the FTX fiasco. Ellison’s plea agreement with a New York court was unsealed on Dec. 22, showing that she faces only a fine and forfeiture of assets for pleading guilty. According to the agreement, she won’t be prosecuted if…

Jump Crypto releases research on Proof of Solvency vulnerabilities

Jump Crypto (JC) released a research article on Dec. 21 analyzing Proof of Solvency (PoS) vulnerabilities and how PoS works in theory — but fails in practice. In the article, the research-driven quantitative trading firm state: “For proof of solvency mechanisms to prevent an exchange from misappropriating consumer deposits, consumers must check that their deposits…

SBF to return to U.S. immediately in hopes of securing bail

Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 4 days ago

FTX seeks to recoup SBF’s donations to US politicians

Bitcoin deep dive: 15M BTC in self-custody as Binance withdrawals peak, derivatives switch to ‘risk-off’ A weekly recap of key Bitcoin metrics affecting its price performance in the market, published every weekend. James Van Straten · 3 days ago

Coinbase CEO Brian Armstrong calls for regulation of crypto industry

Coinbase CEO Brian Armstrong published a Dec. 20 blueprint on regulating centralized actors in the crypto space while protecting decentralized innovations. Armstrong opined that regulating centralized entities like exchanges, stablecoin issuers, and crypto custodians would be the best thing for the industry. He said: “This is where we’ve seen the most risk of consumer harm,…