Why couldn’t Huobi admit Justin Sun helps run the crypto exchange?
It’s official: Justin Sun helps run Huobi and is a major shareholder. But why did it take this long for the company to admit it?
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The Weekend Shift: Bitcoin, Bankruptcy, Bored Apes
The most interesting reads, podcasts, charts, and opinions from the internet this weekend — curated for you by the Protos newsroom.
Genesis files for chapter 11 bankruptcy as Winklevii threaten DCG lawsuit
Genesis Global has voluntarily filed for bankruptcy, along with its crypto lending arm, as parent firm DCG faces rising financial distress.
Yuga Labs faces plenty of problems as lawsuits, probes, and hacks mount
Amid mounting lawsuits and customer data leaks, Yuga Labs has sold millions of dollars worth of it Sewer Pass for users to... play in faeces.
— Crypto
Federal Home Loan Banks are bailing out crypto
Crypto-friendly banks Silvergate and Signature appear to have received over $15 billion in advances from the FHLB system combined.
The deep ties between Binance, Bitzlato, and darknet market Hydra
Crypto exchange Bitzlato is suspected of laundering millions, with Binance named as its biggest counterparty along with darknet market Hydra.
— Bitcoin
Programmable Bitcoin vaults could reimagine long-term savings
Bitcoin vaults for long-term savings could soon be programmable on-chain thanks to a new soft fork proposal.
— SEC
SEC violates privacy law while investigating dubious crypto firm Green
The SEC has been investigating Green, a crypto firm that raises red flags. The agency accidentally leaked personal data of 650 users.
Crypto rapper Razzlekhan lands new job despite facing 25 years in prison
Razzlekhan will be working three days a week as a ‘growth marketing and business development specialist’ for an unnamed New York company.
Fraud, crime, and the Winklevii force DCG to freeze dividend payouts
According to CEO Barry Silbert, DCG's problems are due to a wave of "unprecedented fraud and criminal behavior” in the crypto industry.