FTX officially announced that its bankruptcy plan has taken effect, and the first batch of compensation is expected to be made within 60 days
--
Odaily Planet Daily News: FTX officially announced that its bankruptcy plan has come into effect today. According to the previously disclosed bankruptcy plan, the first batch of compensation is expected to be made within 60 days.
The People's Bank of China reiterates its comprehensive ban on cryptocurrencies and warns that it will further intensify its crackdown on stablecoins. （Cointelegraph）
NYDIG’s research head questions how mNAV is used to assess bitcoin treasuries, arguing it masks key risks tied to capital structure and equity dilution.
US banking giant U.S. Bancorp, with a market value of approximately $700 billion, plans to launch Bitcoin custody services, marking the entry of Bitcoin into Wall Street. （The Bitcoin Historian）
[Alt5 Sigma Board Only Learned of Company's Money Laundering Conviction in Rwanda at the End of August]
The Alt5 Sigma board only became aware at the end of August of the company's conviction in a money laundering case in Rwanda back in May, several months after the World Liberty Financial transaction had taken place. Previously, Alt5 Sigma had dismissed several executives, including acting CEO Jonathan Hugh and COO Ron Pitters.