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CoinDesk Podcast Network

THE HASH: FTX Bankruptcy Judge Not Swayed by Letter from US Senators; Gala Games' Native Token Tumbles

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 11 January 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The most valuable crypto stories for Wednesday, January 11, 2023. 


"The Hash" group discusses today's top stories, including Delaware Judge John Dorsey characterizing a bipartisan letter from four U.S. senators as an “inappropriate” intervention in FTX bankruptcy proceedings that won’t sway his judicial decisions. Plus, a closer look at why Gala Games' native token, GALA, is sinking after the blockchain-based gaming platform deleted a tweet announcing a partnership with A-list Hollywood stars.


See also:

FTX Has Recovered 'Over $5B' in Assets, Bankruptcy Attorney Says

Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says

FTX Creditor Claims Going for 13 Cents on the Dollar on Bankruptcy Marketplace Xclaim

Gala Games Deletes Tweet Announcing Partnership With Hollywood Star The Rock; Native Token Drops

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the hash podcast.

0:09.9

Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more,

0:14.9

with stories that matter to the crypto world, all on the hash for your ears.

0:20.7

You're listening to the Coin Desk podcast network.

0:25.9

Hey there, happy Wednesday and welcome to the hash here on CoinBest TV. Thanks for being here.

0:32.6

We are here to get you up to speed on what's going on in the world of crypto news because there's

0:37.3

always a lot going on. the world of crypto news, because there's always a lot

0:38.3

going on. Wendy O is going to start us off today with an FTX bankruptcy update. What do you got when?

0:45.1

Gosh, golly gee, you guys. This thing is going to be a topic of conversation for a long time.

0:51.6

Justin, bipartisan group of U.S. Senators calls for independent examiner to investigate

0:56.8

FTX. And this bipartisan group is actually very interesting because it's comprised of senators

1:01.8

Elizabeth Warren, John Hinklelooper, Tom Tillis, and Cynthia Loomis, which I actually like her,

1:08.3

because she's kind of pro-crypto. And shout out to Hotev Jesus,

1:12.2

because he also told me that anytime you see anything bipartisan, it's not a good thing.

1:15.8

You want them fighting and going at it. I don't know. That's what he said. But anyways,

1:19.7

the four U.S. senators sent a letter to the bankruptcy judge calling for independent examiner

1:23.4

to be appointed to the case. And they're urging the judge to support a motion to appoint an examiner

1:28.3

to have full authority and resources to conduct an objective investigation of the activities that led to the collapse,

1:33.7

and they argue that the current advisor, Sullivan and Cromwell, advised FTCS for years, leading up to its collapse,

1:39.2

and one of its partners even served as FTC's general counsel. That seems like a conflict of interest to me. But just in

1:46.0

the bankruptcy hearing today, Delaware judge John Dorsey called the letter,

1:49.7

inappropriate intervention in banking proceedings which won't sway judicial decisions.

...

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