📝SEC Targets Kraken With Latest Lawsuit Targeting Crypto
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The SEC sued Kraken in its latest attack targeting the web3 industry. The lawsuit accuses Kraken of offering unlicensed securities and commingling customer assets, with the exchange vowing to fight the charges.
Plus, dYdX is attracting backlash over its handling of a $9M hack, JustLend has overtaken Aave, Ethereum validators are queuing to exit the network, and Polkadot is planning a major overhaul of its parachain mechanism.
✍️ In today’s newsletter:
- Kraken to fight SEC lawsuit
- DYdX hack and aftermath
- JustLend emerges as top lending protocol
- Ethereum validators queue to exit
- Pyth token and airdrop are live
- Polkadot to revamp parachains
- Fren Pet drives up Base activity
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