FTX Finds $1B in Hundreds of Company Bank Accounts

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It May Take Time But Web3 is Coming — History Tells Us So

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News

FTX Crisis

FTX Finds $1B in Hundreds of Company Bank Accounts

New Management Corral Assets Under Bankruptcy Process as SBF Returns to U.S.

By Samuel Haig

FTX, the insolvent CeFi exchange, has unearthed $1B worth of assets including $720M in cash stored in hundreds of bank accounts, the company said in a court hearing on Tuesday.

Read the full story in The Defiant

NFT Marketplaces

ApeCoin DAO Set to Cut Ties with Administrator Over Fees

New CEO Joins Yuga Labs From Activision Blizzard

By Owen Fernau

Decentralized organizations run entirely on blockchains have been one of crypto’s most promising, but also most challenging applications. In the latest chapter in the world of decentralized autonomous organizations (DAOs), ApeCoin DAO, which governs the APE community, is on the brink of terminating its relationship with the firm handling its administration.

Read the full story in The Defiant

Sponsored Post

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DEXs

Uniswap Allies With MoonPay to Bolster Debit Card Transfers

DeFi Exchange’s Deal Also Supports Credit Cards and bank Transfers

By Samuel Haig

In a deal designed to grow its fiat business, Uniswap Labs, the team behind the No. 1 decentralized exchange by trade volume, joined forces with MoonPay, a crypto payments provider, the companies announced Tuesday.

Read the full story in The Defiant

Opinion

It May Take Time But Web3 is Coming — History Tells Us So

Technology Revolutions Take Time to Break Through and Web3’s Promise Remains Strong

By Jsson Xia

This year we’ve watched web3 morph from a hyped new chapter for the internet into an empty promise. The bear market and the series of crypto scandals — Terra, Celsius, FTX — did much of the damage.

Read the full story in The Defiant