DeFi
The crypto payment service’s hot wallet was hacked on Ethereum, Tron and Bitcoin and the stolen funds were distributed to multiple addresses.
Bitcoin
The couple are pleading guilty to laundering of bitcoins stolen in 2016 from Bitfinex. According to a source, their sentences could be reduced due to good behavior.
Regulation
Industry watchers were divided on whether the new digital asset bill provided much-needed regulatory clarity for the industry, or whether it spelled the end for DeFi.
The DeFi protocol’s community voted to decrease the debt ceiling to the beleaguered tokenized credit pool to zero.
Business
Lawyers for the bankrupt crypto exchange alleged that Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh made over $1 billion worth of fraudulent transfers between February 2020 and November 2022.
Terraform Labs wants access to wallets used by short sellers on FTX to trade UST and LUNA to prove that a “coordinated attack” was behind the depeg of its algorithmic stablecoin.
Polygon developers called for a new governance structure, assigning specific decision-making mechanisms for protocol governance, smart contracts and the community Treasury.
The SEC Chairman sought an additional $70 million in funding, citing crypto markets that were “rife with noncompliance” as one of the reasons.
The Nasdaq stock exchange operator has suspended its effort to launch a crypto custody service that was set to go live in the second quarter.
If nobody controls a DeFi service, anyone who invests more than $25 million in developing the project will be responsible for these obligations, stated the bill.
