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Victims of the Terra/LUNA collapse who want to vote in bankruptcy proceedings have until August 21 to file a claim for any lost crypto or forfeit any say in the debtor’s plan, according to a Delaware bankruptcy court.  The notice, ordered on July 19, says claim ants must submit a preliminary crypto loss form to the debtor claims and noticing agent, Epiq, as part of Terra ’s Chapter 11 bankruptcy proceedings. According to the notice, Terra/LUNA victims failing to submit their claims before the deadline, “Shall not be treated as a creditor with respect to such claim solely for the purposes of voting on the Debtors’ Plan.” This is only for the voting plan, and the notice stresses that claimants who miss this deadline, “ will not be barred from submitting a crypto loss claim at a future date , which will be established by procedures that will be disclosed in the future.” The high-profile LUNA investors — from prime ministers to beauty queens Read more: Montenegro PM Milojko ...

The mother, father, and younger brother of disgraced former FTX chief Sam Bankman-Fried reportedly helped advise on and manage the firm’s finances, according to emails seen by the Wall Street Journal (WSJ). The previously undisclosed emails show Bankman-Fried’s father, Alan Joseph Bankman, introducing then-FTX exec Ryan Salame to the firm’s Fenwick & West tax lawyers in September 2022. He suggested they discuss the tens of millions of dollars Salame had previously withdrawn from Alameda Research. His younger brother, Gabriel j US RBKMqE1lkQeg, was also reveal ed to have created a ‘who’s-who’ of Democrat politicians and helped direct contributions from either Sam’s personal fortune or FTX . Salame reportedly helped with the wire transfers.  Salame was sentenced to 90 months in federal prison for conspiracy to make unlawful political contributions and conspiracy to operate an unlicensed money transmitter. The emails also detail how Gabriel requested a $5 ...

Just 18 months ago, Fortune printed over 800,000 copies of its flagship magazine using a full-length photograph of Binance CEO Changpeng Zhao (CZ). The cover line, printed over his tailored, suit read “The $74 billion man: The Bitcoin boom made Binance founder CZ as rich as Mark Zuckerberg, virtually overnight.”   Fast forward to yesterday and CZ admitted to committing financial crimes, resigned as CEO, and posted a $175 million bond ahead of his sentencing in a Seattle courthouse next year. In short, he might be going to prison in February. CZ’s rise and fall is one of the most fascinating stories in crypto history. His $96 billion apex exceeded even the estimated $16 billion amassed by former FTX chief Sam Bankman-Fried before going broke. A complete career timeline of Binance’s billionaire chief Changpeng Zhao Read more: Binance customers have traded against themselves with real money for six years Like CZ, Bankman-Fried is also awaiting sentencing by a federal judg...

Bitcoin keeps heading higher as BTC price strength flies in the face of a hawkish Fed, but concerns over a retracement are building. Bitcoin (BTC) passed $29,500 on Oct. 20 after an eventful 24 hours boosted BTC price trajectory while XRP  price jumped above $0.50 in response to Ripple's big legal win.  BTC/USD 1-hour chart. Source: TradingView Hawkish Fed's Powell fails to dent BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it edged closer to two-month highs from the start of the week. The largest cryptocurrency appeared to feed off events surrounding a speech from Jerome Powell, Chair of the United States Federal Reserve, the day prior. Amid a U.S. bond rout, Powell was under pressure to deliver appropriate wording, and Analysis even predicted a “very dovish” tone would dominate. In the event, the speech, which was briefly interrupted by protesters, saw Powell highly conservative on the outlook. “The stance of policy is restrictive, mea...

Legal advocates filed a petition with the court, aiming to secure the right to interrogate prosecution witnesses based on FTX’s terms of service. Simultaneously, they sought to preclude any testimonies from what they referred to as “lay fact witnesses.” The legal representatives of the former CEO of FTX , Sam “SBF” Bankman-Fried, are actively pursuing the introduction of specific elements from the cryptocurrency exchange’s terms of service during the upcoming witness testimonies. Their efforts were officially recorded in a filing dated October 12th within the United States District Court for the Southern District of New York, underscoring their intention to address “certain evidentiary matters” pertaining to the ongoing criminal trial. The core of the dispute revolves around the competing narratives presented by the prosecution and the defense regarding the alleged misuse of FTX’s financial resources. According to Bankman-Fried...

Bitcoin developers responded to a lawsuit initiated by self -proclaimed Bitcoin creator Craig Wright, often mocked with the nickname “faketoshi.” On Aug. 21, Bitcoin Legal Defense Fund (BLDF) filed a preliminary issue application with the UK High Court against Wright’s firm Tulip Trading. The firm in question sued 12 Bitcoin developers in an attempt to force them to introduce a backdoor in the Bitcoin software to give it access to 111,000 BTC — or nearly $2,9 billion — that it claims to have lost in a hack. BDLF is a non-profit foundation reportedly supporting Bitcoin developers and protecting the Bitcoin (BTC) ecosystem by providing legal defense counsel, crafting litigation strategies, and paying legal bills. The organization’s first action was coordinating the defense of a dozen Bitcoin developers sued by Wright’s Tulip Trading Ltd. The foundation includes Twitter (now X) and Block founder Jack Dorsey among its ranks. Wright’s company ins...