DeFi
The Friend.tech inspired protocol said it had secured the funds to close a $3 million gap caused by an exploit.
Business
While the defense continues to irritate Judge Kaplan, FTX co-founder Gary Wang testified that, just a few months after launch, SBF directed others to give Alameda Research special status on the exchange.
Funding dropped 36% compared to the second quarter, continuing its downward trend, according to a new Messari report.
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.
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.
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.