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FTX drops plan to restrict repayments in 49 jurisdictions
FTX Recovery Trust on Nov 3, 2025 withdrew a motion in the U.S. Bankruptcy Court for the District of Delaware that sought to restrict customer repayments in China, Russia, Ukraine, and 46 other jurisdictions. The withdrawal was without prejudice, allowing a potential refiling under court rules. 
In his new post, SBF found inconsistencies in documents filed by the law firm Sullivan & Cromwell (S&C) to a Delaware court alleging that FTX US is insolvent.
S&C somehow failed to include $428 million of assets in FTX US bank accounts in the report.
As a result, SBF concluded that FTX had hundreds of millions of dollars in excess of what the exchange needed to pay its obligations to users.
Just return the money, Sam! 
Yesterday, an investor filed a lawsuit in Delaware Chancery Court, accusing Coinbase's board members, including Chairman and CEO Brian Armstrong, of selling $2.9 billion in stock during the company's public listing two years ago. The lawsuit claims that the board later revealed "material, negative information" that severely impacted market optimism.
In a separate legal issue, another lawsuit was filed in San Francisco on the same day, alleging that Coinbase violated Illinois' biometric privacy law. The complaint asserts that the company collected customer data without obtaining proper consent beforehand.
As Coinbase faces these dual legal challenges, it seems the company is in for a tumultuous ride. It remains to be seen whether these lawsuits are simply part of a fear, uncertainty, and doubt (FUD) storm brewing on the horizon, or if they represent more substantial concerns for the cryptocurrency giant. 1 - 7 of 7 results