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FTX Update | Marvel director to film series related to SBF, SBF to attend New York Times forum on 11/30

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FTX Update | Marvel director to film series related to SBF, SBF to attend New York Times forum on 11/30

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Russo Brothers to Produce SBF-Related Series

According to Deadline, Marvel directors Joe Russo and Anthony Russo, along with the creator of "Hunters," David Weil, have collaborated to produce a television series for Amazon about the collapse of a Bitcoin business and its relation to SBF. The streaming service has ordered an eight-episode limited series on this subject.

FTX Seeks Court Approval for BitGo to Safeguard Cryptocurrency Assets

As reported by The Block, FTX has requested court approval to have the cryptocurrency custody company BitGo safeguard its approximately $7.4 billion in cryptocurrency assets during bankruptcy. Just a day after hackers stole around $380 million on November 16, FTX signed a custody service agreement with BitGo to store the assets in cold wallets.

Before transferring the cryptocurrency assets, the company and its affiliates must seek approval from the judge overseeing its bankruptcy. FTX has agreed to pay BitGo an upfront fee of $5 million, a monthly fee of approximately $10,000 based on 1.5 basis points of the average dollar value of the held cryptocurrency assets, and with the initial transfer of assets worth $7.4 billion to BitGo on November 16, FTX is expected to spend around $100,000 per month.

SBF: To Attend DealBook Summit

According to Foresight News, former CEO of FTX Sam Bankman-Fried (SBF) will be in conversation with New York Times columnist Andrew Ross Sorkin at the DealBook Summit in New York on November 30.

This article is authorized and reproduced from Foresight NewsForesight News