@SWIGroup repurposes former Genesis Digital Assets mining sites for AI infrastructure after a $500M investment. They raised €800M to upgrade data centers in the U.S. and Sweden for cloud providers. #Update #Crypto $BTC
SWI Group acquires Genesis Digital, raising $896M to pivot from bitcoin mining to AI data centers, repurposing infrastructure for hyperscale contracts. #Update #AI
Former FTX COO Constance Wang criticized Netflix’s upcoming miniseries The Altruists for misrepresenting the exchange’s collapse, claiming it turned a tragedy into a romantic drama. #Update #Crypto
FTX Recovery Trust transferred 27,372 $ETH ($75.32M) to Wintermute; Ether trades near $2,750, up 15% weekly. FTX creditors received $11B in five rounds. #Update #Crypto $ETH
Caroline Ellison, former FTX executive, joins @Manifund under pseudonym “Carol,” sparking debate on redemption and effective altruism. #Update #Legal
Sam Bankman-Fried’s Supreme Court petition challenges his 25-year sentence and $11 billion forfeiture, following a failed appeal. The court will decide in 2026 whether to hear the case. #Update #Legal
Former FTX executives Caroline Ellison and Gary Wang have finalized CFTC consent orders imposing permanent trading and registration bans, marking a regulatory closeout in the FTX collapse aftermath. #Breaking #Legal
A federal judge has denied Michelle Bond’s motion to dismiss campaign finance charges linked to FTX, involving alleged funding from ex-FTX executive Ryan Salame.
SBF, serving 25 years, plans a new token after release in 2044; his pardon bid and appeal remain unresolved. #Update #Crypto
Fenwick & West agrees to a $54M settlement for FTX customer claims, pending court approval, amid allegations of aiding fund mismanagement. #Update #Legal
Celsius founder Alexander Mashinsky, responsible for the $4.7 billion 2022 crypto crash, is banned from crypto as part of a $10 million FTC settlement while serving a 12-year sentence.
Judge Lewis Kaplan denied Sam Bankman-Fried’s Rule 33 motion, calling new evidence claims “baseless,” closing the district court chapter. SBF’s Second Circuit appeal remains active. #Update #Legal
Sam Bankman-Fried seeks a presidential pardon following his $8 billion fraud conviction, facing bipartisan congressional opposition and lack of support from the Trump administration. #Update #Legal $BTC
@Solana’s core builders emphasize a shift from survival to scaling into global finance, focusing on user experience and infrastructure improvements post-FTX collapse. #Update #Crypto $SOL
