Amid falling returns and billions lost to scams, it’s becoming increasingly difficult to take a16z’s claims about web3 seriously.
If it’s true that a16z holds the rumored amount of UNI tokens, it would be able to unilaterally reach quorum for voting on Uniswap proposals.
Andreessen Horowitz (a16z) sold crypto before the crash, leaving early investors with a return. But its four crypto funds are plummeting.
a16z has significantly slowed down investments in crypto firms, amid a bear market that has its flagship crypto fund down 40%.
- Binance invested heavily in lobbying before guilty plea
- Top Binance exec Noah Perlman’s ties to Epstein, Moonstone, and Gemini
- CFTC demands Coinbase user data in suspected Bybit probe
- Tether gives FBI peek behind the curtain
- Binance card withdrawals have been down for a week
- HTX hacked week after Poloniex — now Justin Sun only posts as AI
- Binance and CZ plead guilty but SEC lawsuit remains
- Tether sent $1B to UK firm owned by prominent Conservative donor
- M2: Did Mr. Wonderful endorse the next FTX?