•BlockFi’s financials have leaked, showing a $1.2 billion exposure to FTX and Alameda. •The leaked documents were released by mistake and contained more information than previously shown. •Poor management at FTX has negatively impacted BlockFi, and its financials show a connection of $415.9 million worth of assets linked to FTX and $831.3 million to Alameda. […]

• FTX and its advisors have found about $5.5 billion in liquid assets, including $1.7 billion of cash, $3.5 billion of crypto assets, and $0.3 billion of securities. • Despite the large sums discovered, customers may still not get fully reimbursed due to a substantial shortfall of assets. • The Debtors have identified an estimated […]

• Fidelity Investments-backed crypto exchange OSL has announced plans to cut down its workforce in order to reduce overhead costs and stay afloat. • Other exchanges, such as Silvergate, Coinbase, ConsenSys, Huobi, Crypto.com, Wrye, Genesis and SuperRare, have also been reported to have downsized their staff. • Binance, however, has announced that it currently has […]

• Four Bulgarians were charged with money laundering and fraud in connection with the crypto lender Nexo. • The prosecutors conducted searches in Nexo’s headquarters and other related locations in Sofia, Bulgaria. • Nexo denied any wrongdoing, claiming that the investigations and charges are part of a politically-motivated attempt to frame the company. This week, […]

• N3twork Studios, a blockchain game developer and publisher, has appointed former Tinder Chief Product Officer Josh Sell as its new Chief Operating Officer. • Sell’s new position will see him assisting N3twork Studio’s team in hastening the production of its future Web3 RPGs, Legendary. • In addition, he will play a role in the […]

• Silvergate Capital, the parent organization of Silvergate Bank and Operator of the Silvergate Exchange Network, is facing a class action suit for law and security violations in the US. • Antonio Martinez and Alan Lane were named as the case’s defendants and co-conspirators in breaking the US Security and Law Act of 1934. • […]

• Thai regulators are investigating Zipmex’s local branch over its earn program due to suspicions that the business misrepresented the interest payments it made. • The regulator accused Zipmex of running an earning program without approval and cited section 26 of Thailand’s Emergency Decree on Digital Asset Businesses. • Zipmex’s activities came under the radar […]

• Easy Company raises $14.2 million in seed funding for the launch of their new social web3 wallet. • The funding will help bring their vision for a more interactive and user-friendly web3 wallet to market. • Easy has released blends of user-curated profiles with entertaining social discovery elements to aid users in navigating and […]

-Bankruptcy documents have revealed that Tom Brady and Gisele Bundchen own over 1.7 million shares in the crypto exchange FTX. -KPC Venture Capital, owned by Robert Kraft, also owns over 110,000 Series B FTX trading shares. -Public figures who endorsed FTX are now facing lawsuits, with the prosecutor claiming the scheme was plotted from the […]