CryptoBlog n.2338
FTX settled with Bybit, agreeing on a $228m settlement for FTX to withdraw the lawsuit, which sought to recover approximately $953m. FTX will get $175m worth of digital assets from Bybit with additional to-be-purchased assets, including Bybit's BIT tokens, worth $53m.
CryptoBlog n.2337
The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering. Diplomatic talks between Nigerian and U.S. government officials for his release have been ongoing for months.
CryptoBlog n.2336
Former Celsius CEO Alex Mashinsky will return to court on November 13 to address his motion to dismiss fraud and market manipulation charges. Mashinsky, arrested in July 2023, faces seven felony counts related to manipulating the price of Celsius' token, CEL.
CryptoBlog n.2335
Gary Gensler, in a recent Bloomberg interview, wished Bitcoin a “sweet sixteen” for its upcoming anniversary but reaffirmed the SEC's strict "regulation by enforcement" approach toward crypto. Despite criticism and potential changes under a new U.S. president, Gensler remains firm, with his term officially expiring in 2026.