The Weekend Shift: Crypto, Apes, and Ordinals
The most interesting reads, podcasts, charts, and opinions from the internet this weekend — curated for you by the Protos newsroom.
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Here’s how insiders dump blockchain game tokens using Sybil attacks
In the topsy-turvy world of blockchain gaming, Sybil attacks are actually a desirable way to boost on-chain data and dump bags of tokens.
Explained: SEC allegations against Do Kwon and Terraform Labs
The SEC claims that Do Kwon and Terraform Labs lied about a South Korean application called Chai using Terra to process payments.
Multi-million dollar transfers to CZ firms confused Catherine Coley
According to reports, $400 million was moved from Binance US's account at Silvergate bank to CZ-controlled Merit Peak.
Hackers threaten Satoshi film director with “unsettling” videos
Decrypted director Tom Sands told the Daily Mail how the hackers sent him the videos before the film's US launch earlier this month.
Crypto projects told to delay new coins due to “Alameda Gap”
New projects have been advised to put off their new token launches until market conditions improve -- but this could take until next year.
Why does a16z want to strengthen its grip on Uniswap?
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.
SEC custody rule change threatens crypto firms
The SEC is proposing a change to custody requirements for investment advisors that threaten their ability to engage with cryptocurrency.
Celsius to sell crypto platform amid Mashinsky court battle
Celsius has filed court docs against founder Alex Mashinsky alleging millions lost to fraud as it reached a deal to sell its retail platform.
Waves team accused of dumping its stablecoin to stay afloat
The Waves team and its founder Sasha Ivanov have been accused of selling up to $138 million in USDN since April last year.