Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. Source: https://cointelegraph.com/news/sec-lawsuits-coinbase-binance-ceos-net-worths

The U.S.-based exchange said it is “fully operational” and called the Securities and Exchange Commission’s motion “unwarranted.” Source: https://cointelegraph.com/news/binance-us-user-funds-safe-amid-sec-injunction-freeze-assets

New details revealed in the SEC complaint could explain why Brian Brooks abruptly stepped down as CEO of Binance.US in 2021, a crypto lawyer suggests. Source: https://cointelegraph.com/news/sec-lawsuit-binance-brian-brooks-resign-us-ceo

The world’s largest cryptocurrency exchange has been hit with an SEC suit that many saw coming, but the details will be studied closely. Source: https://cointelegraph.com/news/sec-s-binance-suit-contains-heady-mix-of-predictable-charges-novel-revelations

The agreement came on the back of “good faith, arm’s length negotiations” with FTX’s debtors, the museum said. Source: https://cointelegraph.com/news/metropolitan-museum-return-ftx-donation

Some crypto influencers have been giving lucrative endorsement offers a hard pass after seeing what could happen if things end badly for the firm. Source: https://cointelegraph.com/news/crypto-endorsements-influencers-brand-deals-collapse-ftx

Elizabeth Warren reportedly took advice from Wall Street short-seller Marc Cohodes, who cashed in on the collapse of Silvergate and Signature banks. Source: https://cointelegraph.com/news/warren-s-alleged-work-with-short-seller-shows-anti-crypto-army-heating-up

This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines. Source: https://cointelegraph.com/news/crypto-biz-six-months-on-from-ftx-tether-mines-btc-and-nvidia-ai-superchips

Crypto Twitter has warned others not to click on the latest link posted on OpenAI CTO Mura Murati’s Twitter account, which promises a free airdrop. Source: https://cointelegraph.com/news/open-ai-cto-twitter-hacked-promoting-scam-airdrop

A United States Air Force colonel said the results of the simulation highlight why a conversation around ethics and artificial intelligence is needed. Source: https://cointelegraph.com/news/ai-drone-kill-human-operator-in-tests