BlockFi - The 55 million Robinhood shares SBF pledged to Zac Prince are being called into bankruptcy, and the BlockFi lawyers are suggesting this is a  bad faith move to make the situation more complex. It's been estimated that BlockFi owes up to $10 billion to more than 100,000 customers, and the top three creditors are owed $1.3 billion alone.   

Celsius - The UCC in Celsius is trying to enforce clawbacks from retail users who withdrew funds within 90 days before the bankruptcy.   

Anti-CBDC Act - Crypto-friendly congressman Tom Emmer just introduced a new Bill that will block the Federal Reserve from issuing a CBDC in the US, working on a CBDC in private, or using a CBDC to control the economy.  Operation Choke Point - a description of all the pressure to the crypto industry from banks in the past few months.

Full blog here.

BlockFi sent an email to creditors indicating that the court approved the procedures for the claims process.  - If you disagree with the amounts they sent out, you need to file a Claims Form by March 30. The court has agreed to redact creditor names.  UCC committee is objecting to the release of the funds that were in the non-interest-bearing wallets.  

For customers - the claims process must bolster your personal position as much as possible.

The Securities and Exchange Commission (SEC)’s complaint against Kraken alleges that Kraken sold an investment contract to the general public where investors transferred certain assets to Kraken for staking in exchange for annual investment returns (Kraken Staking Program). Kraken settled this action with a $30 million fine, 66.6% of its revenue from American users.  

Full blog here: https://www.hodder.law/post/sec-s-enforcement-action-against-kraken