Former New York Stock Exchange President Tom Farley's company is one of three companies bidding for the remaining assets of FTX, and FTX's auction has entered its final stage. According to sources, Bullish, a cryptocurrency trading platform operated by Farley, financial technology startup Figure Technologies, and cryptocurrency venture capital firm Proof Group are competing to acquire FTX. The winning bidder will be able to restart the trading platform after it plans to exit bankruptcy proceedings next year. (Wall Street Journal)

Judge Lewis Kaplan in the FTX case issued an explanation for rejecting SBF's defense motion. The explanation stated that SBF's defense motion was rejected because Gary Wang and Nishad Singh's testimony on the witness stand was slightly different from their testimony provided to the FBI in 2022, and therefore some FBI officials will be required to testify in the future.

According to Spot On Chain monitoring by Odaily Star Planet Daily, FTX and Alameda transferred seven assets worth $38.5 million to the exchange about 6 hours ago, including 750,000 SOL coins (worth about $31.2 million), 325,501 ENS coins (worth about $2.76 million), 10.1 million GMT coins (worth about $2.22 million), 642,702 LDO coins (worth about $1.26 million), 288,211 APE coins (worth about $410,000), 127,407 BADGER coins (worth about $365,000), and 555,342 BNT coins (worth about $323,000). Overall, as of November 8th, FTX and Alameda have transferred 36 assets worth $350 million to the exchange.

FTX, a bankrupt crypto exchange, has requested permission from a judge to sell off its Grayscale and Bitwise assets, worth a total of $744 million, through an investment adviser. The move is aimed at protecting the company against potential downward price swings in the trust assets, maximizing the value of the debtors' estates, and allowing for forthcoming dollarized distributions to creditors. The trust assets include holdings of five different Grayscale Trusts valued at $691 million and holdings of a Bitwise-managed trust valued at $53 million. FTX filed for bankruptcy in November 2022 following accusations of mismanagement of funds by its CEO, Sam Bankman-Fried.

PeckShield monitoring shows that in the past 8 hours, FTX's cold wallet address has transferred 463,000 SOL coins (about $18.66 million) to a new address. Currently, the cold wallet address still holds 2.2534 million SOL coins (about $93.6 million).

Spot On Chain monitoring shows that FTX has deposited 1.21 million SOL (worth $48.6 million) and 1,583 ETH (worth $3 million) into Binance and Kraken in the past 20 hours. Since October 24th (13 days ago), FTX and Alameda have transferred a total of 31 tokens worth $310 million to exchanges.

Legal experts predict that Sam Bankman-Fried, the founder of FTX crypto exchange, may face a prison sentence of around 25 years for his involvement in wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Bankman-Fried faces a maximum of 115 years in prison, but former federal prosecutor Renato Mariotti believes that Judge Lewis Kaplan will not be lenient when imposing the sentence. Mariotti cited Bankman-Fried's immense fraud, defiant behavior during the trial, and lying on the witness stand as reasons for a lengthy sentence. Kaplan previously revoked Bankman-Fried's $250 million bail for contacting potential witnesses against him.

Proof Group, a Silicon Valley investment firm that was part of the consortium that successfully bid for bankrupt cryptocurrency lender Celsius, is among the shortlist of three potential bidders to relaunch FTX, one of the largest crypto exchanges that collapsed almost a year ago. Other options being considered include selling the entire exchange and its customer list or bringing in a partner. A decision is expected to be made by mid-December. However, restarting FTX is not a straightforward process and there are various aspects of claims, token lockups, and compliance issues that need to be addressed.

According to court documents, FTX and its debtors have requested approval from the Delaware bankruptcy court to sell a portion of their trust assets, namely Grayscale and Bitwise funds, with an estimated value of $744 million through an investment advisor. 

According to Pai Shield monitoring, the address marked as "FTX Cold Storage #2" has transferred about 750,000 SOL (approximately 31 million US dollars) to the address starting with 4Axqyo and to Binance.