In this weekly recap, we cover:
- Tornado Cash Cofounder Roman Storm’s release on bail, sparking discussions about the legal implications for software developers, as stated by his lawyer Brian Klein.
- Former FTX CEO Sam Bankman-Fried’s ongoing legal saga, including court appearances, pleas, and preparations for his October trial, setting the stage for a highly anticipated legal battle in the crypto space.
- Balancer’s urgent response to a critical vulnerability, leading to over $200 million being withdrawn from affected pools, reflecting a swift and coordinated response to a significant threat in the DeFi space.
- Ex-OpenSea Manager Nate Chastain’s landmark conviction for NFT insider trading, marking the first-ever digital asset insider trading conviction, and serving as a warning to other corporate insiders.
- Binance’s turbulent week marked by regulatory scrutiny and strategic partnerships, including a one-year low for BNB, a partnership with MoonPay, and potential risks associated with the liquidation of BNB.
- Coinbase’s acquisition of an equity stake in Circle, a significant partnership development amid challenges for USD Coin (USDC), emphasizing a commitment to make USDC the “most widely used digital dollar in the world.”
- The FBI’s alert regarding North Korean hackers, warning of a potential cash-out attempt involving stolen bitcoin worth over $40 million, urging vigilance and close examination of blockchain data.
- Bitstamp’s decision to end ether staking services for U.S. users, following recent actions from the SEC targeting similar staking services, reflecting the ongoing regulatory challenges for exchanges.