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$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee
There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland partner Sarah Paul.

CFTC Sues Sam Bankman-Fried, Alameda Research for Fraud
In a filing, the regulator says Bankman-Fried misrepresented the health of his companies, impacting the price of bitcoin and ether.

Crypto Exchange Binance.US Introduces Payments Service for Customers
The feature for users outside the U.S. started in February 2021.

Bitcoin Hits One-Month High Ahead of US Inflation Data
Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.

US SEC Charges Sam Bankman-Fried for Defrauding FTX Investors
Bankman-Fried illegitimately used customer funds to support his lavish lifestyle and make political donations, the regulator alleged.

FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation
The unwinding of Sam Bankman-Fried’s sprawling empire is proving as unwieldy as the company itself.

US Judge in Ooki DAO Trial Orders CFTC to Serve Original Founders With Lawsuit
Federal Judge William Orrick said he did not previously know that Tom Bean and Kyle Kistner were current token holders at Ooki DAO.

US Prosecutors Look to Charge Binance, Executives on Possible Money Laundering Violations: Reuters
The Department of Justice has also discussed a possible plea deal with Binance's lawyers, the report added.

Hedge Fund Presidio Trading to Spin Out Crypto Market Tail Risk Strategy
The tail risk investment strategy returned 560% in June as crypto markets slumped.

Crypto Exchange Binance.US Eliminates Trading Fees for Ether
The exchange will also offer additional trading fee discounts to customers who pay their trading fees with BNB tokens.
