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🥁 FTX & Chinese Bribes: Caroline Ellison Drops Explosive Allegations

Securities laws against Compound founders proceed, and more!

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BEN Beats
October 12, 2023

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Read time: 4 minutes

GM fam! Never a quiet day in crypto 🥁 Here’s the playlist for today:

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Top News 🗞️

'‘Ellison admitted to falsifying Alameda's balance sheet, reporting a net asset value of $6 billion and total liabilities of $10 billion to lenders, while the actual net asset value was around $6 billion and total liabilities were $14.9 billion.” Read more

“A federal judge in California has denied a motion to dismiss a securities lawsuit against key figures in Compound Labs and its associated entities. The plaintiffs allege that Compound violated financial regulations by selling unregistered securities in the form of COMP governance tokens.” Read more

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