Here’s What Happened in Crypto Today, According to Cointelegraph

FTX’s former legal counsel made significant revelations regarding Sam Bankman-Fried during the latter’s criminal trial this week. Additionally, executive Paolo Ardoino announced that the stablecoin issuer plans to provide real-time reserve data starting in 2024. In other news, blockchain firm LBRY has decided not to pursue an appeal against the United States Securities and Exchange Commission.

In a notable account, Bankman-Fried directed the former legal counsel at FTX to devise explanations for the $8 billion deficit in Alameda Research’s financial records.

Moving forward, Tether is set to release reserve reports in real time in the upcoming year.

Meanwhile, LBRY has officially stated its farewell as challenges mount following its loss against the SEC.