SBF Denied Bail

One scroll, all the web3 news you need

December 16, 2022

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, we hope everyone had a great week!

  • Sam Bankman-Fried denied bail, potentially posted at $250,000. He now faces up to 115 years in prison if guilt on all 8 counts of illegal activity (CD)

  • "Binance put FTX out of business - intentionally" - Kevin O'Leary (CT)

  • 8 figures worth of FTX customer funds were used as illegal donations for political campaigns (CNBC)

  • Binance's investigation has lead to $3 Billion in withdrawals from the platform in the last 24 hours (CNN)

  • Crypto Mining on the three largest servers is being restricted (CD)

  • Virtualness raises oversubscribed $8 million round to develop a mobile-first application assisting content creators in Web3 (PRN)

  • Decasonic, Arca, and multiple other top Web3 venture investors back IP monetization and licensing protocol Spaceport with $3.6 million pre-seed (BIZW)

  • Singapore-based NFT swaps and financing platform NF3 raises $1.65 million (FINSMES)

  • Climate tech startup founded by previous UN execs, Everimpact, receives €1.7 million for carbon monitoring and monetization technology (BIZW)

  • 3D Dog NFT Avatar startup Dogami closes $14 million for mobile-focused game (PB)

  • Democrats and Republicans are coming together after FTX scandal to strongly regulate cryptocurrency (ABC)

  • Germany is the next country making moves toward crypto regulation to combat illegal activities and maintain financial stability (REUT)

  • A new bipartisan regulatory bill is being pushed by Elizabeth Warren to limit fraudulent activity and money laundering in crypto (CNN)

  • SBF used ~$80M in customer funds to donate to political parties (Time)

  • Compromised emails from Gemini may have appeared much earlier than previously believed, appearing as early as October (CT)

  • Nexera-ID unveiled as the next-generation crypto wallet with its priority focused on security, privacy, and self-custody (CNF)

  • Tron and EVM chains are seeing a new "Zero Transfer" scam, confusing and compromising users assets (BSCN)

  • New Coinbase tool allows customers to recover unsupported ERC-20 tokens (TC)

  • MetaMask users can now buy ETH via the new PayPal integration (@thedropnft)

  • CFTC declares Ether as a commodity again (CT)

  • Potential ETH validator addresses (32+ ETH) at all time high (CS)

  • ETH XRP and BTC price predictions (FXStreet) is

  • Crypto newsletter Milk Road has been acquired in less than 10 months since its conception (MR)

  • SBF's own mother reportedly laughed during his court hearing this week (BI)

  • Bitcoin Miner CleanSpark cuts 2023 hashrate outlook by nearly 30% (CD~)

  • BitGob held up Alameda's $50M wrapped Bitcoin withdrawal request (Decrypt)

  • Crypto follows the stock market with both taking a blood bath on Thursday as billions of dollars are being pulled (@thedropcrypto)

  • Time to take advantage of the crypto markets (ENTR) (@SoloCeesay)

  • Rehash a discussion from yesterday on Twitter about Kevin O'Leary's involvement and opinions with FTX and Binance (@MarioNawfal)

  • Milk Road crypto newsletter attracted a quarter of a million subscribers - and was acquired for these insane statistics and reasonings (Tyler Denk) (@mikewittmeyer)

  • How a senior engineer at FTX rewired software to take funds out of clients accounts (REUT)

  • 2 of 12 hot Web3 startups revealed that will present at the Cross Chain Coalition Web3 Demo Day on January 11, 2023 (TC)

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