A US bankruptcy judge orders Celsius to return ~$50M crypto deposits in non-interest bearing custody accounts, pending a decision on interest-bearing accounts (Jeremy Hill/Bloomberg)

Helene Braun / CoinDesk:
Signature Bank plans to reduce its crypto-tied deposits by $8B-$10B to under 15%; as of September 2022, ~23.5% of the bank’s $103B deposits came from crypto  —  Nearly a quarter of the Wall Street bank’s current deposits come from crypto-related businesses.

Vicky Ge Huang / Wall Street Journal:
Celsius co-founder and CEO Alex Mashinsky resigns from the bankrupt cryptocurrency lender, writing his “role as CEO has become an increasing distraction”  —  The crypto lender filed for bankruptcy in July  —  Alex Mashinsky—chief executive and cofounder of bankrupt cryptocurrency …

Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

CoinDesk:
Court filing: Celsius ex-CEO Alex Mashinsky, ex-CSO Daniel Leon, and CTO Nuke Goldstein withdrew ~$56M between May and June 2022 before the lender’s bankruptcy  —  Ex-CEO Alex Mashinsky, ex-CSO Daniel Leon and CTO Nuke Goldstein pulled bitcoin, ether, USDC and CEL holdings from their custody accounts in May …

Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning  —  The tokens were illicitly released from FTT’s main deployer address.  —  Crypto exchanges Binance and Huobi blocked deposits of FTT …

Frank Chaparro / The Block:
Sources: Nasdaq is exploring an institutional crypto custody service, pending regulatory approval, and a crypto-focused division called Nasdaq Digital Assets  —  – Nasdaq has been plotting a move into crypto custody, according to several sources.  — The move is in line with its broader mission …