# Nusefile

Nusefile: crypto news updates

FTX news

Crypto CEOs See Wealth Crushed After SEC's Twin Lawsuitscryptopotato.com7 June 2023 (LINK)

— According to Bloomberg's Billionaire Index, Binance CEO Changpeng Zhao has seen his wealth shrink by $1.4 billion over the past two days. He is now worth around $26 billion, according to the Index. Coinbase CEO Brian Armstrong's net worth has declined by $361 million to $2.2 billion, according to the Billionaires Index.

Bloomberg reported that after a massive slump in crypto founders' fortunes in 2022, there was a rebound this year with a combined increase of $15.4 billion in 2023. CZ's net worth had increased 117% and Armstrong's 61% on the back of increasing crypto prices and trading activity. Other crypto billionaires on Bloomberg's wealth index were up a combined 9%.

Cathie Wood's ARK Buys $21.6M Coinbase Shares as SEC Suit Sends COIN Prices Tumblingwww.coindesk.com7 June 2023 (LINK)

Cardano (ADA), Solana (SOL), and Polygon (MATIC), among other popular cryptocurrencies, are in jeopardy of being delisted from the Robinhood trading platform due to the recent lawsuit by the U.S. Securities and Exchange Commission (SEC)u.today7 June 2023 (LINK)

SBF alleges prosecutors have failed to meet discovery deadlines for crucial evidence needed in his defense against multiple fraud charges, while FTX seeks to sell AI stockwww.cryptopolitan.com7 June 2023 (LINK)

— The missing discovery comprises a substantial amount, totaling over 3.6 million documents and exceeding 10 million pages. The defense received the last production on May 25, consisting of just under 2.5 million documents, which more than tripled the volume of existing discovery.

FTX bankers, tasked with rescuing the struggling company, are reportedly exploring the possibility of selling shares in an artificial intelligence (AI) startup as part of the currently booming AI sector. The company held $500 million worth of Anthropic stock, which is estimated to be worth significantly more now, considering the AI boom. Anthropic recently raised $450 million in its Series C funding round on May 23, with a reported valuation of $4.6 billion

SEC sues Coinbase over exchange and staking programs, stock drops 14% pre-marketwww.cnbc.com6 June 2023 (LINK)

US$780m drained from Binance: Binance's US affiliate exchange registered net outflows of US$13 million in the same period, Nansen saidwww.thestandard.com.hk6 June 2023 (LINK)

US tightens crackdown on crypto with lawsuits against Coinbase, Binancewww.reuters.com6 June 2023 (LINK)

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