ChainCatcher news, according to Finance Feeds, CoinShares announced that it has successfully sold its FTX claims, resulting in a 116% recovery rate after deducting brokerage fees, bringing a return of £31.32 million on a claim amount of £26.6 million.The agreement was signed today and is subject to the usual closing conditions, the company stated, which will significantly enhance CoinShares' financial position.

ChainCatcher news, stablecoin issuer Paxos has laid off about 20%, or 65 people. Paxos co-founder and CEO Charles 'Chad' Cascarilla stated in an internal email that the company's financial situation is good, with over $500 million on the balance sheet. The layoffs are aimed at focusing resources more on areas such as tokenization and stablecoins. Paxos has provided affected employees with 13 weeks of severance pay, three months of health insurance coverage, and three months of re-employment support. A source familiar with the matter indicated that after the layoffs, Paxos now has between 200 and 300 employees.

ChainCatcher news, New York Attorney General Letitia James announced on Thursday that her office has sued Gemini Trust, Genesis Global, and Digital Money Group for defrauding approximately 230,000 investors out of more than $1 billion.The civil lawsuit also accuses former Genesis CEO Soichiro Moro and DCG founder and CEO Barry Silbert of attempting to conceal the true financial condition of their lending division, Genesis, from the Gemini trading platform, its customers, and the public.

Chain Catcher News, a bankruptcy judge in the Southern District of New York has approved an order to appoint a neutral third party to review the financial condition of the troubled crypto lending platform Celsius. This process was pushed by attorneys from the Department of Justice, securities regulators, and representatives of creditors and consumers seeking to recover losses, and Celsius itself does not oppose this step. (The Block)