On the Pod…
What’s Poppin’?
Michael McCaffrey, CEO of crypto media firm The Block, has resigned after it emerged he received $43 million worth of undisclosed loans from Sam Bankman-Fried’s trading firm Alameda Research.
South Korean authorities have reportedly disclosed that disgraced Terra founder Do Kwon is hiding out in Serbia.
Crypto trading bot service 3Commas has denied claims that its employees leaked API keys, leading to hackers gaining unauthorized access to user accounts on exchanges.
An Arbitrum-based DeFi lending protocol was exploited on Sunday after an attacker targeted a vulnerable oracle.
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In Other News…✍️✍️✍️
Caroline Ellison, ex-CEO of Alameda Research, hired a former crypto regulator from the U.S. Securities and Exchange Commission to act as her representative in an active federal investigation.
US prosecutors are investigating Sam Bankman-Fried for potential fraud charges.
Financial institutions seek to purchase claims from FTX's clients, potentially offering quicker payouts than the bankruptcy courts.
Investors are withdrawing unprecedented amounts of cryptocurrency from trading platforms.
Celebrities including Justin Bieber, Madonna, Steph Curry and Paris Hilton face a class-action lawsuit for the alleged illegal promotion of Bored Ape Yacht Club NFTs without disclosing their financial ties to Yuga Labs.
Binance investigated suspicious price movements on the exchange but concluded they were just normal market behavior. Some accounts profiting from the movement had their withdrawals frozen as a precaution.
Chinese Police arrested 63 people in connection to an illegal crypto scheme that allegedly laundered 12 billion yuan (~$1.7 billion).
The Uniswap Foundation is proposing changes to streamline voting in its DAO, aiming to improve "efficiency and efficacy."
Crypto.com (disclosure: sponsor of Unchained) released a proof of reserves analysis to demonstrate that user assets are backed and accessible.
Startup Symbiont.io filed for chapter 11 bankruptcy after trying to bring blockchain technology into traditional finance for a decade.
The $$$ Corner…
What Do You Meme
📈 Your Market Update 📉
BTC is down 1.55%, trading at $16,948
ETH is down 2.07%, trading at $1,251
BTC dominance: 37.35%
Crypto market cap: $873 billion
*All data as of today, 5 am ET
Recommended Reads
Sam Andrew, who was recently on Unchained, provides an update on the Genesis/DCG situation:
Ryan Selkis, founder of Messari, on the $1.1 billion DCG-Genesis promissory note:
Dirty Bubble Media on Genesis as a front for Alameda:
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