SBF Bribed Chinese Officials

Welcome to the Crypto Scroll. Get caught up on all web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to. Powered by The Drop.

gm,

Just another casual day of SBF getting caught with illegal activities 🐍 This time bribing officials with $40M. Also plenty of other and more exciting news like Vitalik involved with Polygon, hundreds of millions of dollars raised for new funds, and Burger King flame-grilling some crypto utilization 🍔 Enjoy the read and as always, don't forget to subscribe, share, and keep up to date with us on Twitter (@thecryptoscroll)!

• Sam Bankman-Fried reportedly bribed Chinese officials with $40M to unfreeze accounts (CNBC)

• BTC hash rate hit new all time high (MP)

• Zebedee releases bitcoin lightning cross border payment feature (TB)

• Kokomo Finance rugged its users (BTC)

• FTX sells its entire stake in Mysten Labs to return $95M (YF)

A word from our friends at Webecy:

Save Your Crypto From Scammers With Wallet Watch 🔒

Over $115 Billion worth of Bitcoin, has been irreversibly lost through the years. Luckily, the feeling of generational wealth slipping through your fingertips can be avoided with Webacy’s Safety Suite.

Tools built for even the most casual crypto user to defend their coins, it is tied together with a real-time, wallet notification service: Wallet Watch.

Warren Buffett suggests, “Keep all your eggs in one basket, but watch that basket closely.” But amateur crypto users aren’t watching their basket at all! Rather, some of the smartest minds in crypto, with over $55 Million worth of assets, are using Wallet Watch daily. 👀

🚨 Keep your assets safe with Wallet Watch HERE 🚨

• Crypto1 announces its new $500M C1 Secondaries Fund to invest in web3, blockchain, crypto, and fintech companies (FFN)

• Seed Club announced last week a new $25M venture DAO (@seedclubvc)

• Blockchain Capital backs EigenLabs with $50M to make the Ethereum blockchain as fast as web2 services (FC)

• Cega, a Solana-based derivatives protocol, raises $5M seed extension round with Dragonfly Capital (BLOCK)

• Epic Games-backed Hadean secures another $5M for its cutting-edge metaverse infrastructure, following €30M Series A in 2022 (TFN)

• Crypto influencer Irene Zhao raises $4.5M from DWF for her Web3 social platform for creators and brands, So-Col (BSTR)

• European DeFi startups received $5.7B in 2022, a 120% increase in total funding (CT)

• CoinStack Ventures dropped a report on 2023 venture activity and top investors (CSSS)

• CFTC is trying to ban Binance (PYMNTS)

• SEC charges against Justin Sun and his other crypto frauds (SEC)

• Where the US government went wrong in regulating crypto (CD)

• US Government is a top BTC holder (BITCOIN)

• Fed guts Custodia Bank application for crypto (PYMNTS)

• Nearly $120M worth of crypto has been stolen in 2023 with NFT Rug Pulls are on the rise (OODAL)

• On-Chain messages reveal information of $200M Euler hack (PROT)

• North Korean hacking group, APT43, relies on crypto hacks for money laundering schemes (CS)

• Web3 startups receive more security support and access through UNSNARL (ETR)

• SafeMoon LP compromised (@safemoon)

• Almost 90% of ETH is in self-custody instead of exchanges - an accomplishment unseen since 2015 (CPOT)

• U.S. CFTC Chairman reiterates belief of considering ETH a commodity, not a security (CD)

• Home in Atlanta tokenized to Ethereum nets $215k under 3 minutes through RealT platform (BW)

• Gucci and Yuga Lab partner (TB)

• dYdX sets launch date for merge from Ethereum to Cosmos (DECRYPT)

• Ethereum co-founder claims that ETH is not a security (CNBC)

• Vitalik completes first transaction on Polygon's new zkEVM after launch (CD)

• Lido plans to incorporate NFTs into staking withdrawal process after Shanghai Upgrade (CD)

• Billionare Tim Daper says companies should have payroll in BTC to diversify risk (ADOBE)

• Telegram enables in-app USDT transfers (PYMNTS)

• UK government cancels plans to launch NFT (TB)

• Disney cuts metaverse division (CNBC)

• Stars Collective film & artist incubator spins out Footage, a film platform utilizing web3 technologies to raise funding and connect parties (ALXB)

• Burger King in Paris is now accepting crypto payments (FD)

• What will the Shanghai upgrade do to the markets? (YAHOO)

• StarkWare is taking zkProofs on Bitcoin after use on Ethereum (DT)

• Distributed Ledger Technologies: defined & explained (IP)

• Cryptocurrency Trading Pairs (CG)

Sponsored Content: This newsletter is sponsored by Webecy.