Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examine regulators keeping banks out of crypto.
Nineteen U.S. states are weighing bills to put public money into digital assets, some of them similar to the federal pursuit of a Strategic Bitcoin Reserve.
According to the charges, Eric Council Jr. used a fake ID to gain access to a device with SEC account credentials and then falsely said spot bitcoin ETFs had been approved..