The CFTC has fined the blockchain protocol bZeroX team $250K and filed an action against its successor Ooki Dao for offering illegal off-exchange crypto trading (Nelson Wang/CoinDesk)

Tomio Geron / Protocol:
BlockFi debuts a digital assets interest product for US accredited investors, after shutting down a yield-paying crypto product the SEC said was illegal  —  BlockFi has introduced a new digital assets interest product for accredited investors, after previously agreeing to shut …

Nelson Wang / CoinDesk:
Genesis’ crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected  —  The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Lydia Beyoud / Bloomberg:
The Bahamas Securities Commission freezes the assets of FTX Digital Markets and “related parties” and appoints an attorney as a provisional liquidator  —  The Bahamas Securities Commission has frozen the assets of FTX Digital Markets “and related parties.”

Kari McMahon / The Block:
A profile of FTX co-founder and CTO Gary Wang, who sources say doesn’t talk much, is hard to contact, and was one of the few with “root access” to the code base  —  – FTX’s billionaire co-founder Gary Wang has a limited online presence and has stayed out of the spotlight throughout the crypto exchange’s three-year history.

Nelson Wang / CoinDesk:
Filings: Block.One and its CEO Brendan Blumer buy a 7.5% and 9.3% stake, respectively, in crypto bank Silvergate Capital, making Blumer its largest shareholder  —  The purchase makes Brendan Blumer the largest holder of Silvergate Capital.  —  Brendan Blumer, the founder and CEO of EOS developer Block.One …

U.S. Securities and Exchange Commission:
The SEC charges ex-Alameda CEO Caroline Ellison and ex-FTX CTO Gary Wang for their role in defrauding FTX’s investors at SBF’s direction between 2019 and 2022  —  The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) …