Ripple’s CFO Steps Down Amid SEC Lawsuit
Ripple’s chief financial officer, Kristina Campbell, has decided to step down from her position. According to her LinkedIn page, she has accepted a similar role at Maven Clinic, a digital healthcare services provider. This development comes amidst Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
Prosecutors Seek to Limit Arguments in Sam Bankman-Fried’s Trial
In an interesting turn of events, prosecutors have urged the judge overseeing Sam Bankman-Fried’s trial to restrict his legal team from presenting arguments related to the potential recovery of FTX customer assets invested in Anthropic. This request adds another layer to the high-profile case involving the founder of FTX, a prominent cryptocurrency exchange.
FTX Accused of Misrepresenting Insurance Fund Value
The crypto community has been captivated by the recent testimony of former FTX Chief Technology Officer Gary Wang. Wang has accused FTX of utilizing Python code to manipulate the value of its backstop fund, thereby misrepresenting its insurance fund figure. These allegations have further fueled the ongoing scrutiny surrounding FTX and its practices.
Amidst these developments, it is crucial to stay informed and keep track of the latest happenings in the crypto world. Stay tuned for more updates on the ever-evolving cryptocurrency landscape.
