Although it is one of 134 businesses involved in FTX's bankruptcy proceedings, the Japanese subsidiary has been working on a plan to return user funds. After ensuring that its customers' funds are not included in FTX's bankruptcy proceedings, the Japanese subsidiary of the now-defunct FTX cryptocurrency exchange has released a plan for resuming withdrawals. On December 1, the company published an update, indicating that it has been able to confirm that the assets of its clients "should not" be

To help find stolen assets, six exchanges have been required to provide user information. The order is one of the first applications of a new rule in the UK that will aid in tracing assets stored abroad in cases of cybercrime. In order to trace $10.7 million in funds taken from an undisclosed UK-based exchange in 2020, six exchanges, including Binance, Coinbase, Luno, and Kraken, will be ordered to disclose user data. According to Financial Times, a court judgment requiring the disclosure of

One senator's investigation into the safeguards the companies had in place in case a collapse like FTX occurred again focused on Binance, Coinbase, Bitfinex, Gemini, Kraken, and KuCoin. Following the liquidity problems and bankruptcy of FTX, Ron Wyden, the chairman of the Senate Finance Committee in the United States, has requested six cryptocurrency companies for information about consumer protection. In various letters dated Nov. 28, Wyden targeted Binance, Coinbase, Bitfinex, Gemini, Kraken

Buterin opposes traders' speculation and stockpiling of crypto governance tokens. Regarding governance tokens, Vitalik Buterin has taken a controversial stance, claiming that governance is not a sufficient justification for such tokens to be regarded as valuable assets. Buterin stated on Twitter on Tuesday that the idea of "governance rights" as a reason for why a token should be valuable is pathological. Buterin wrote on Twitter Tuesday. “You're literally saying, ‘I'm buying $X because later