Regulation
The former FTX CEO’s behavior during the trial could hurt him, former prosecutors and criminal defense attorneys told Unchained.
DeFi
After draining $4.6 million from Super Sushi Samurai — a newly launched gaming token on the Blast network — the hacker claimed it was part of a “white hat rescue” effort and offered to work with the protocol to reimburse users.
Business
The Supreme State Prosecutor of Montenegro has stepped in and put a hold on Do Kwon’s extradition to South Korea.
Ethereum
The transfer via the sanctioned crypto mixer could potentially create legal problems.
Some crypto users have observed parallels between Solana’s current meme frenzy and Ethereum’s ICO mania in 2017.
Some Ethereum developers have launched an initiative to raise the gas limit to 40 million, which they expect will lead to a 15% to 33% reduction in layer 1 transaction costs.
Anonymous users sent the wallet address memecoins and NFTs after $100 million in USDC was added to it on Wednesday.
Fortune reported on Wednesday that the SEC may have had its sights on the Ethereum Foundation since as early as 2022, while CoinDesk wrote that the Foundation faces an inquiry from an unnamed government agency.
“The truth is, there were never losses. The money has always been available,” said Sam Bankman-Fried’s lawyers in a letter opposing the government’s proposed 50-year prison term for the former FTX CEO.
Grayscale Investments plans to add staking to its proposed spot Ethereum ETF, following a similar move from Fidelity Investments earlier this week.
