According to ChainCatcher news, reported by The Block, a lawyer claims that Caroline Ellison, the former CEO of Alameda Research involved in the FTX collapse, should not be imprisoned for her role in the downfall of FTX. He advocates for her to serve some time in prison before being placed under house arrest. The reasoning is that Caroline Ellison has been cooperating with the government and FTX debtors, and her testimony in last year's trial of Sam Bankman-Fried was very helpful. "There is no risk of reoffending, nor does she pose a threat to public safety. Therefore, considering Caroline's early disclosure of her crimes, her unwavering acceptance of responsibility, and most importantly—her extensive cooperation with the government, leniency would help uphold the law."Earlier news today states that Caroline Ellison will be sentenced in a New York court on September 24, facing fraud charges that include two counts of conspiracy to commit wire fraud, two counts of actual wire fraud, and one count of conspiracy to commit money laundering.In March of this year, former FTX CEO Sam Bankman-Fried was convicted on seven counts of fraud and conspiracy and was sentenced to 25 years in prison.

ChainCatcher news, Bitcoin ecosystem project ALEX stated that it is working closely with legal advisors and local law enforcement to help recover the ALEX community assets stolen by the attackers. Besides the 13.8 million STX in the frozen accounts of various CEXs and the attackers' on-chain wallets, all other tokens are safe.ALEX is formulating a treasury grant program to support users whose assets were stolen by the attackers and have not yet been recovered, with the eligibility requirements for the program to be announced soon. The preliminary framework for the treasury grant program is as follows: out of approximately 4,000 wallets affected by the vulnerability, ALEX intends to return verified LP positions to about 3,200 wallets (approximately 80% of the total affected users). Users who do not meet the above qualifications may still be eligible for a second tier of qualifications.Previous news, Alex Labs stated that the attackers seem to refuse to negotiate, and information on compensation measures will be announced soon.

ChainCatcher news, according to The Block, Ripple and XRP Labs have joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance.The DeRec Alliance aims to provide an open-source process to accelerate the recovery of digital assets. Members are collaborating to develop a new interoperability recovery standard suitable for the general public. Other members of the DeRec Alliance include Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, Hashgraph Association, HBAR Foundation, and Revive Labs.

ChainCatcher message, Coinbase announced the expansion of its asset recovery tool to the BNB Smart Chain and Polygon networks, allowing users to recover funds mistakenly sent to Coinbase on the BNB Smart Chain and Polygon. This asset recovery tool was launched in December 2022, previously supporting the Ethereum network.Coinbase stated that the tool does not charge a recovery fee for estimated values below $100, while a small recovery fee (5%) will be charged for recoveries with estimated values over $100 to cover the development and maintenance costs of the service. All recoveries are subject to separate network fees.

ChainCatcher message, Binance announced that the asset recovery for XIRTAM has been opened for claims, initiating the asset return process for over 1,750 scammed addresses. Only users who participated in the XIRTAM official token sale (including private or public sales) are eligible to apply for asset recovery.Previously, ChainCatcher reported that Binance released an update regarding XIRTAM-related matters, and the relevant assets have now been sent to the smart contract. Users can check the information of the Claim contract through the XIRTAM refund guide and follow the instructions to operate and verify the relevant information.

ChainCatcher news, Coinbase has announced the launch of an asset recovery tool that can help customers recover over 4,000 Ethereum-based ERC-20 tokens sent to Coinbase wallets. Previously, if assets not supported by Coinbase were sent to its user addresses, a message would indicate that the assets had been successfully delivered on-chain, but in reality, they did not reach the recipient's wallet. Typically, these assets were unrecoverable, but now these ERC-20 tokens can be recovered and returned to the users who sent them by mistake.It is reported that this feature will be rolled out in the coming weeks, but it will not be available for users in Japan or Coinbase Prime users. Coinbase stated that there will be no recovery fee for amounts under $100, but for transactions exceeding $100, a 5% fee will be charged in addition to the separate network fees. (Source link)