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What Does the Curve Crisis Say About DeFi? - Ep. 527
Unchained
FTX Unveiled Reorganization Plan for Non-U.S. Customers
FTX unveils restructuring plan that includes a potential restart of the crypto exchange for non-U.S. customers. The plan has been met with criticism from the official committee of unsecured creditors who have called for control to be placed in qualified parties selected by them. A U.S. district judge denied emotion to dismiss the case against Terraform Labs brought by the SEC, which alleges TFL scripto assets qualify as securities. 3AC co-founder Kyle Davies renounced his U.S citizenship and declared himself a full citizen of Singapore. Binance CEO CZ considered shutting down the company's U.S.-based subsidiary but feared impact on customers.
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