Business
Galois Capital has unwound all its positions and said that investors will receive 90% of funds that are not locked on FTX.
Japan-based users will be able to withdraw their stranded fiat and crypto from FTX through Liquid Japan starting today.
Jump Trading was the firm that made $1.28 billion from the Terra ecosystem, according to sources familiar with the matter.
Binance says it will seek permission before it makes any bids on U.S.-based bankrupt companies.
NFTs
OpenSea plans to move to a zero-fee marketplace model as competition from rival platforms like Blur continues to escalate.
Former FTX CEO Sam Bankman-Fried has been ordered to appear at a remote deposition by Voyager Digital this week.
DeFi
Avalanche-based stableswap platform Platypus DeFi suffered an exploit on Thursday, may have potentially lost access to the bulk of the stolen funds.
Binance moved $400 million from its account at Silvergate Bank to a trading firm managed by Changpeng Zhao in the first three months of 2021.
The U.S. SEC has accused Terraform Labs and its founder Do Kwon of fraud in a new lawsuit.
Regulation
Insights from Willkie Farr’s Counsel Michael Selig on SEC’s Crackdown on Crypto: Decoding the Regulatory Landscape.