Web3 Diaries-SBF’s Pretrial Release Motion Goes Before 3-Judge Panel
Crypto exchange FTX founder Sam Bankman-Fried’s stay at Brooklyn jail prolonged for some more time, until federal appellate judges rule on his motion for pretrial release, the Court of Appeals for the Second Circuit ruled Wednesday.
Bankman-Fried faces a litany of financial crimes related to FTX’s November 2022 collapse. He had been out on bail until the federal judge overseeing his case revoked his bail in early August for witness tampering, a decision the former FTX CEO appealed.
Celsius Files ‘Adversary Complaint’ Against EquitiesFirst to Recover Assets
Bankrupt crypto lender Celsius Network has filed Wednesday afternoon an “adversary complaint” against EquitiesFirst Holdings in an attempt to recoup assets, according to a bankruptcy court document.
EquitiesFirst is a private lending platform that owed Celsius some $439 million worth of cash and bitcoin (BTC) as of July 2022. Celsius first took collateralized loans from the lender in 2019, but failed to return collateral in 2021, CoinDesk reported earlier. Wednesday’s filing named both the company and its CEO, Alexander Christy, as defendants.
The rest of the document was filed under seal.
Cboe’s BZX Exchange Files to Launch Ark 21Shares, VanEck Spot Ether ETFs
Cboe’s BZX exchange is hoping to launch the first spot ether exchange-traded funds in the U.S., filing the paperwork for products tied to Ark 21Shares and VanEck.
The exchange filed 19b-4 documents on Wednesday, formally kicking off a review process. Once the U.S. Securities and Exchange Commission (SEC) acknowledges the filings, it will start a 240-day clock for a final decision. The SEC will have a number of intermediary deadlines to make a decision, but has traditionally taken the maximum number of days possible to review applications.
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