Bitcoin OG Adam Back predicts hyperbitcoinization as the number of “wholecoiners” surpasses one million, potentially making buying the cryptocurrency unattainable. FTX seeks to recover over $240 million from insiders and executives following its acquisition of Embed, which was “wildly inflated” and made with minimal due diligence. Presidential candidate Robert F. Kennedy Jr. accepts bitcoin donations as he attends the Bitcoin 2023 conference, calling it a symbol of democracy and freedom. Voyager’s bankruptcy plan is approved and customers can recover up to 35.72% of their claims initially. Coin Cafe is ordered to pay back $4.3 million to users who were charged undisclosed and high fees. The U.S. SEC warns that Grayscale’s Filecoin Trust application must be withdrawn as the cryptocurrency may meet the definition of a security. Scams continue to plague the crypto industry, with an inferno drainer scam stealing $5.9 million since March. Bitcoin faces potential losses as the U.S. debt deal may trigger a liquidity crunch, draining liquidity from riskier assets.