NFTs
Crime
OneCoin crisis manager Frank Schneider to face trial in the US
OneCoin crisis manager Frank Schneider is set to be extradited to the U.S. to face trial on two-count charges of wire fraud and money laundering,
Bankruptcy
Court approves issuance of subpoenas to 3AC co-founders
Co-founders Su Zhu and Kyle Davis are expected to disclose all financial information related to the bankrupt Three Arrows Capital within 14 days.
DAOs
ConstitutionDAO set to buy the US constitution again with private multisig
ConstitutionDAO claims that the transparency of the Ethereum blockchain undermined its first bidding effort. In the second attempt, it will participate in the Sotheby's auction via a private multsig wallet.
DEX
SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury
To extend Sushi's runway beyond the next 1.5 years, Grey proposed that 100% of Sushi's revenue should be allocated to the Treasury for the next 12 months.
Bankruptcy
Celsius gets extension for chapter 11 reorganization plan
Celsius has until Feb. 15, 2023, to submit a reorganization plan detailing how it will maximize profit for all creditors and stakeholders.
Lending
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.
Lending
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Orthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple's M11 lending Pool.
Bear Market
Bybit, Swyftx join layoff spree following FTX collapse
Anticipation of continued decline in global crypto trading volumes forces Bybit and Swyftx to layoff employees.
Crypto
CryptoSlate Wrapped Daily: Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce
Ethereum accumulation rate spikes aggressively following FTX collapse, Sam Bankman-Fried speaks on "dark" donations to Republican political party, and much more in this edition of CryptoSlate Wrapped Daily.
Crypto
CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom
Andre Cronje said that Fantom invested about $4 million into DeFi yields and grew its treasury to over $51 million in 2021, crypto exchanges dismiss growing insolvency rumors post-FTX fallout, and much more in this edition of CryptoSlate Wrapped Daily.
Crypto
CryptoSlate Wrapped Daily: More Bitcoin leaves Coinbase; Kraken CEO deems Binance’s proof of reserves ‘pointless’
Coinbase reserve declined by 50,000 BTC daily between Nov. 23 and Nov. 27-equating to roughly $3 billion, JP Morgan said that the coming regulation may lead to convergence of crypto and TradFi, and much more in this edition of CryptoSlate Wrapped Daily.
Crypto
CryptoSlate Wrapped Daily: Bitcoin worth $1.5B leaves Coinbase; Mid-cap tokens outperform Bitcoin
Binance BTC proof of reserves shows it holds roughly 582,000 BTC, Coinbase BTC reserve declines by 100,000 BTC in 48 hours, and much more in this edition of CryptoSlate Wrapped Daily.