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Ethereum
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$2,783.78 6.18207
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BNB
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$670.79 0.39353
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Solana
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$204.88 7.09479
Solana price
XRP
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$2.75 13.40375
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Shiba Inu
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$0.0000171 6.58542
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Pepe
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$0.0000106 11.87724
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Bonk
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Ethereum
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$2,783.78 6.18207
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BNB
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$670.79 0.39353
BNB price
Solana
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$204.88 7.09479
Solana price
XRP
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$2.75 13.40375
XRP price
Shiba Inu
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$0.0000171 6.58542
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Pepe
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$0.0000106 11.87724
Pepe price
Bonk
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$0.0000195 12.54617
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dogwifhat
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Popcat
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$0.370901 25.9833
Popcat price
Bitcoin
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$98,569.00 3.19079
Bitcoin price
Ethereum
Ethereum (ETH)
$2,783.78 6.18207
Ethereum price
BNB
BNB (BNB)
$670.79 0.39353
BNB price
Solana
Solana (SOL)
$204.88 7.09479
Solana price
XRP
XRP (XRP)
$2.75 13.40375
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000171 6.58542
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000106 11.87724
Pepe price
Bonk
Bonk (BONK)
$0.0000195 12.54617
Bonk price
dogwifhat
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$0.749358 28.49927
dogwifhat price
Popcat
Popcat (POPCAT)
$0.370901 25.9833
Popcat price

Firm handling FTX’s bankruptcy set to be appointed as Binance’s watchdog

Dorian Batycka
Edited by
News
Firm handling FTX’s bankruptcy set to be appointed as Binance’s watchdog

New York-based law firm Sullivan & Cromwell may be appointed as an independent monitor for Binance Holdings Ltd.

According to a Bloomberg report, Sullivan & Cromwell is the leading contender for the coveted observer position, likely beating out a crowded field of lawyers and consultants vying for what is seen as a lucrative observer role.

The outlet’s sources believe former federal prosecutor and firm partner Sharon Cohen Levine will likely lead the surveillance team, according to an anonymous insider cited by Bloomberg.

Although the appointment has yet to be formally signed, Sullivan & Cromwell is at the top of the list, and the Justice Department is close to confirming the firm, one of the people said.

Sullivan & Cromwell is also involved in the bankruptcy process of the FTX cryptocurrency exchange. From November 2022 to November 2023, Sullivan & Cromwell billed more than $153 million in this case. In the FTX bankruptcy case, Sullivan & Cromwell earned an average of $11.8 million monthly.

In November, Binance Holdings Limited pleaded guilty and agreed to pay $4.3 billion to resolve the U.S. Department of Justice’s investigation into the exchange. U.S. authorities said Binance intentionally withheld a license to prevent regulators from discovering that the company was facilitating “billions of dollars in cryptocurrency transactions on behalf of its customers, including U.S. customers, without implementing appropriate KYC procedures and conducting adequate transaction monitoring.”