Judge
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers’ Recoveries
U.S. Judge John Dorsey, from the Delaware Bankruptcy Court, scheduled a hearing for early next year to calculate the crypto exchange’s debt to the IRS, a sticking point that has stagnated efforts to remunerate the exchange’s many victims. As FTX’s largest creditor, the IRS’ claim must be resolved before FTX victim’s can recover their losses….
Judge Accepts CZ’s Guilty Plea, Has Yet to Decide on If Binance Founder Can Go Home
Binance, which pleaded guilty to three charges, including one sanctions-related charge, has to allow monitors who can report back to the Department of Justice and the Treasury Department as part of its plea deal, which also saw it agree to pay a massive $4.3 billion fine. Richard Teng, a former director at Binance, has taken…