In
an
interesting
development,
the
FTX
Debtors’
Estate
is
currently
battling
claims
from
certain
parties
over
the
ownership
of
assets
forfeited
by
Sam
Bankman-Fried
(SBF)
following
the
criminal
conviction
of
the
former
FTX
CEO
for
fraud
and
money
laundering.
In
a
petition
submitted
on
Friday,
the
debtors’
estate
has
now
approached
the
US
District
Court
Southern
District
of
New
York
to
establish
ancillary
proceedings
and
address
these
claims.
In
other
news,
the
total
crypto
market
cap
has
fallen
by
3.2%
in
the
last
week
falling
to
a
value
of
$2.3
trillion.
crypto
market
cap
valued
at
$2.35
trillion
on
the
4-hour
chart
|
Source:
TOTAL
chart
on
Tradingview.com
Featured
image
from
Forkast,
chart
from
Tradingview
Go to Source
Author: Semilore Faleti
