ChainCatcher news, according to Nobsbitcoin, a memorandum shows that the pre-trial hearing for Samourai Wallet has been postponed from December 17, 2024, to March 12, 2025, with the trial date set for November 3, 2025. Since the pre-trial conference on September 17, 2024, the U.S. government has submitted the third and fourth batches of evidence and provided copies of the first and second batches to developer Keonne Rodriguez on November 6, 2024. The fifth batch of evidence is expected to be submitted within seven days, containing data extracted from seized devices.The FBI is reviewing 45 devices seized from Keonne Rodriguez and William Lonergan Hill for confidential information and plans to release the remaining data by early 2025. So far, 17TB of data has been shared, accounting for more than half of the total, and more evidence is expected to be released. The defense has described the volume of this evidence as enormous, likening it to "75% of the Library of Congress's collection," with a stack of paper thick enough to make 22 round trips to the moon.

ChainCatcher news, a spokesperson for the Constitutional Court of Korea stated that the Constitutional Court will hold its first hearing on the impeachment case of Yoon Suk-yeol on December 27.

ChainCatcher news, according to the Korea JoongAng Daily, a pro-Yoon Suk-yeol official stated that the president has made up his mind to face the constitutional hearing in an impeached state rather than resigning early.

ChainCatcher news, according to The Block, based on a newly disclosed agreement, FTX debtors will allocate up to $230 million from the proceeds of government seizure actions to compensate preferred shareholders. The finalization of this agreement after the deadline for FTX creditors to vote on the claims plan, and its announcement 30 days later, has surprised and angered some creditors. Before the voting deadline on August 16, creditors overwhelmingly approved the FTX restructuring plan, but they were unaware of this provision. Although shareholders typically receive compensation last in bankruptcy proceedings, FTX debtors stated that compensating preferred shareholders would help avoid high litigation costs and delays associated with the seized proceeds.Additionally, according to the latest FTX bankruptcy filings, the claims plan has not yet been approved by the court. The next court hearing to confirm the restructuring plan is scheduled for October 7, 2024. If the plan is approved, creditors with claims under $50,000 may begin to receive compensation by the end of 2024. Those with larger claims may have to wait until the first or second quarter of 2025 to receive compensation.

ChainCatcher news, the FTX bankruptcy case shows that on October 7 at 10:00 AM Eastern Time (10:00 PM Beijing Time), the U.S. Bankruptcy Court in Delaware will hold a confirmation hearing for FTX's bankruptcy plan.On that day, the court will consider confirming the Chapter 11 reorganization plan proposed by FTX and its related disclosure statement plan. If the court confirms the plan, it will allow FTX to "fully pay" over 98% of customers and unsecured creditors with interest based on the dollar price of cryptocurrency assets as of November 11, 2022.In addition, according to U.S. media Protos, the payouts may be executed after three "comprehensive hearings," which aim to discuss consolidating multiple claimants into a unified category, scheduled for October 22, November 20, and December 12.Currently, there are numerous rumors on social media stating that "FTX will start payouts next week," which are untrue.

ChainCatcher news, according to Forbes, FTX is set to return $11-16 billion to creditors in the fourth quarter of 2024, which could provide significant benefits to the cryptocurrency market (especially Bitcoin, SOL, and Solana network cryptocurrencies). While the exact date is still unclear, FTX has proposed that the distribution will occur within 60 days after the restructuring plan takes effect.Currently, the next hearing regarding the restructuring plan is scheduled for October 7. If approved, FTX will have 60 days to distribute assets to creditors, meaning the returned cash could reach previous cryptocurrency buyers sometime before December 7. A large portion of this cash may remain within the cryptocurrency ecosystem, as creditors reinvest the funds into their favorite tokens or ETFs.Nevertheless, there are still some risks that could undermine this positive event. First, court delays could further extend the date for the return of funds. Additionally, some FTX creditors are currently dissatisfied with the settlement plan (which only includes cash returns).

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler faced severe criticism from Congressman Tom Emmer and others during a hearing of the House Financial Services Committee. Emmer described Gensler as the most "destructive" and "lawless" chairman in the SEC's 90-year history, accusing him of inventing the term "crypto asset security" while failing to provide any regulatory guidance for digital assets.Emmer stated, "The term crypto asset security is one you made up. This term is nowhere to be found in the regulations; you invented it and you have never provided any explanatory guidance on how to define crypto asset security within the walls of the SEC."The term crypto asset security has been the entire basis for Gensler's "enforcement campaign" against the crypto industry over the past three years. Until last week, SEC lawyers retracted this term in a court footnote.

ChainCatcher news, according to Ibtimes, the U.S. House Financial Services Committee will hold a hearing titled "Oversight of the SEC" on September 24, with SEC Chairman Gary Gensler in attendance to testify. Tomorrow, he will appear alone at a Senate hearing. After the announcement of Gensler's attendance, many users in the crypto community expressed criticism and dissatisfaction.NFT collector Medic Matt stated that attending the congressional hearing would be "a great opportunity for resignation," with some community members calling for Gensler to hand over the SEC chairmanship to someone more capable. Cryptocurrency researcher Anderson predicted that Gensler would "not answer any questions and just waste everyone's time." Anderson noted that during a hearing in 2023, Gensler repeatedly refused to answer lawmakers' questions about whether Ethereum is classified as a security or a commodity.Cryptocurrency YouTuber James Rule asked Democratic Senator Elizabeth Warren if she would "write answers" for Gensler. Warren and Gensler have been accused of deliberately destroying the cryptocurrency industry. Cryptocurrency investor and developer Leon Gaban stated that the SEC should be shut down. He urged Gensler: "Resign now, before you get fired by Trump later."Previously, Republican presidential candidate Donald Trump stated that if elected in November, he would fire SEC Chairman Gary Gensler on his first day in office. Cryptocurrency analyst Jonathan Morgan reminded Gensler that his "Democratic allies" can no longer "slander" the cryptocurrency industry, as more and more Republican politicians have acknowledged the rapid growth of the industry.

ChainCatcher news, according to The Block, there was a heated debate in the U.S. Congress during a hearing regarding cryptocurrency regulation issues. Although some companies have received permission from the U.S. Securities and Exchange Commission (SEC) to legally custody crypto assets, many crypto firms and lawmakers still criticize the SEC's regulatory approach.Robinhood's Chief Legal Officer Dan Gallagher stated that the company had suggested adjustments to the rules during discussions with the SEC regarding its crypto business, but the communication ultimately broke down. Meanwhile, Democratic Congressman Stephen Lynch stated that the rules are clear and that crypto companies should not selectively comply. The crypto industry accuses the SEC of selective enforcement and claims that its policies harm innovation and U.S. competitiveness.

ChainCatcher News, U.S. prosecutors submitted a document to the court on September 17, recommending a lighter sentence for former Alameda Research CEO Caroline Ellison. The prosecutors stated that Ellison provided "extraordinary cooperation" in the prosecution of former FTX CEO Sam Bankman-Fried and assisted in the investigation of misconduct at Alameda Research and FTX.The prosecutors emphasized that although Ellison played a central role in SBF's criminal scheme, she was not involved in all aspects of FTX. Ellison pleaded guilty in December 2022 and testified at SBF's trial.Given Ellison's cooperative attitude and contributions to the case, the prosecutors believe her testimony was crucial for the prosecution and conviction of SBF. Ellison's attorney had previously requested probation. She is scheduled to appear in court for sentencing on September 24.

ChainCatcher news, Democratic Congresswoman Waters (California) emphasized the higher risks consumers face in the DeFi space during a hearing on Capitol Hill, using the cryptocurrency lending platform World Liberty Financial, promoted by Trump and his sons, as an example.Last week, the Twitter accounts of Trump’s daughter Tiffany Trump and Republican National Committee Chairwoman Lara Trump (Trump's daughter-in-law) were hacked. Under the hackers' control, these accounts promoted fake tokens issued by World Liberty Financial, attempting to defraud potential buyers. Waters stated, "Due to the notoriety of the individuals behind the project, criminals took this opportunity to defraud potential users. Legislators have a responsibility to consider implementing strong protective measures to prevent such scams."According to Trump’s son Eric Trump, Twitter blocked the hacked social media accounts "within minutes." However, Waters pointed out that many people still suffered real harm, purchasing fake tokens worth approximately $1.8 million, which were actually unrelated to the project.

ChainCatcher news, according to CoinDesk, U.S. federal prosecutors have rebutted the charges against FTX executive Ryan Salame, stating that they did not violate the terms of the plea agreement made with the former FTX executive—namely, that they would cease the criminal investigation against Salame's long-time partner and mother of his child, Michelle Bond. Prosecutors indicated that they never made any such commitments to Ryan Salame, either formally or informally, and that their prosecution of Michelle Bond is fair.In a harsh 32-page memorandum submitted on Thursday, prosecutors urged U.S. District Judge Lewis Kaplan of the Southern District of New York to dismiss Salame's recent request to enforce the conditions of his plea agreement or to vacate his plea and sentence, calling it a "shameless and selfish attempt to undermine his plea and conviction... and to obstruct the legitimate prosecution of Michelle Bond."It is reported that the related hearing is scheduled for September 12, 2024.

ChainCatcher news, Binance's head of financial crime compliance Tigran Gambaryan has been detained in Nigeria since February 2023, with the scheduled bail ruling postponed to October 9.Gambaryan was initially charged with tax evasion and money laundering, but his family reported that his health has been deteriorating during detention. Gambaryan's lawyer has filed a bail motion, citing the prison's failure to properly address his health issues. As a U.S. citizen and former IRS agent, his detention has raised significant concerns, and over 5,400 people have signed a petition calling for his return to the United States. The Nigerian tax authorities revoked some charges in June, but the money laundering charges may still require him to appear in court.

ChainCatcher News: The U.S. House Financial Services Committee plans to hold several hearings in September, focusing on issues related to cryptocurrency, including decentralized finance (DeFi), the regulation by the U.S. Securities and Exchange Commission (SEC), and the impact of "pig butchering" scams.The first hearing on September 10 will focus on DeFi, followed by a hearing on SEC enforcement and "pig butchering" scams on September 18. The full committee hearing on September 23 will involve testimony from the SEC, with an expected focus on the regulation of digital assets. Committee Chairman Patrick McHenry, who is set to retire, has expressed a desire to complete cryptocurrency legislation by the end of the year.

ChainCatcher news, according to Reuters, a Nigerian judge will expedite the hearing of a money laundering case involving Binance and its two executives next week. The hearing originally scheduled for October 11 is now set for September 2. The wife of Binance executive Tigan Gambaryan, who has been detained, stated earlier this month that Tigan Gambaryan has been held in Nigeria since February, and his health has deteriorated in prison.

ChainCatcher news, according to the official announcement from Terra, the confirmation hearing for the Chapter 11 bankruptcy reorganization plan of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is scheduled to be held on September 19, 2024, at 10 AM Eastern Time (10 PM Beijing Time).

ChainCatcher News: Recently, the Hong Kong High Court heard the world's first lawsuit involving a Decentralized Autonomous Organization (DAO). The court ruled that six defendants must disclose detailed financial statements and supporting documents for their blockchain and Real World Asset (RWA) tokenization projects in response to allegations of asset misappropriation, with claims amounting to HKD 6 billion. This case not only marks the legal community's first understanding of DAOs but also reaffirms the important principle that Web3 business activities must respect the rule of law. The court emphasized that DAO controllers must be accountable to token holders, ensuring transparency and accountability of project funds.Today, Legislator Wu Jiezhuang held a press conference with Ms. Huang Mengying, a lawyer from the law firm MUNG, to explain the situation and opinions regarding the case. Legislator Wu Jiezhuang stated that Hong Kong currently has sufficient soft infrastructure and legal expertise to develop DAOs. He suggested that the authorities take this opportunity to seriously study and improve relevant laws, clarify responsibilities and rights to alleviate investor concerns, and attract compliant, healthy, and economically developing DAO companies to settle in Hong Kong. Currently, Web3 policies are being gradually implemented, and the launch of Bitcoin and Ethereum spot ETFs in Hong Kong is seen as a "curve-over-taking" opportunity. He hopes to soon see the first reading of legislation regulating stablecoins and over-the-counter trading, allowing stablecoins to be "launched."In addition, Legislator Wu Jiezhuang stated that the SAR government should promote Hong Kong's soft infrastructure and the characteristics of "one country, two systems." Under the advantages of common law, he believes that the development of Web3 in Hong Kong can achieve immediate results. Finally, Legislator Wu Jiezhuang advocated for enhancing Hong Kong's influence in Web3 and improving the ecosystem, perfecting DAO legal norms to attract a large number of overseas talents and funds to Hong Kong, making it a center for DAOs and a hub for the Web3 world.