NFTs
The NFT powerhouse, which closed a $450 million seed round in 2022, became the third high-profile crypto company this week to have layoffs.
Tech
The unknown hacker, who drained $600 million from FTX after its bankruptcy, was making trades on the decentralized crypto exchange.
DeFi
The decentralized exchange said it would temporarily transition to maintenance mode to address the movement of illicit funds on the platform.
Regulation
Reporting from inside Sam Bankman-Fried’s criminal trial: Former FTX software developer Adam Yedidia, Paradigm co-founder Matt Huang, and FTX cofounder Gary Wang took the witness stand.
U.S. lawmakers have been hesitant to act on crypto, though several key lawmakers are pushing for change.
Prosecutors are seeking to recover assets from the former CEO of collapsed crypto exchange FTX, who went on trial Wednesday.
Business
The fund will focus on seed-stage projects that can make it easier for developers to build in the space, said managing partner Boris Revsin.
Insiders at Alameda Research were reportedly in the dark about the fact that the trading firm was about to go under.
A single scammer appears to have stolen 234 ETH from four different Friend.tech users over 24 hours.
After opening statements, two people, a former FTX customer and a close friend of Bankman-Fried’s since college, testified in court today.
