What Happened on Dec. 29th｜FTX Used $200M of Customer Funds for Two Venture Investments, SEC Says

Dec 29, 2022, 15:20

TI Research

On December 29th, the SEC said FTX made two $100 million venture investments using customer funds. The two firms might be Mysten Labs, the company behind Sui, and fintech company Dave. Liquidity protocol Vader is sunsetting, and will return protocol's funds to $VADER and $USDV holders. Uniswap total trading volume was over $620 billion in 2022.

DeFi

Liquidity protocol Vader is sunsetting, and will return protocol's funds to $VADER and $USDV holders.
Wombat Exchange partners with Frax Finance.
Data: Uniswap total trading volume over $620 billion in 2022.
Token distribution platform Streamflow is live on Aptos mainnet.

CeFi

FTX Japan has released an update on the return of user assets.
Late Nexon CEO's $6.7 million worth of cryptocurrencies was stolen by hackers.
Binance to perform wallet maintenance for BNB Beacon Chain (BEP2).

Metaverse & NFTs

Data: NFT project Pudgy Penguins floor price drops back to 6.5 $ETH.

Policy & Regulation

California regulator warns of 17 crypto websites suspected of fraud.
SEC: FTX diverted $200 million of customer money for two venture deals.
Former Tongan MP: Newly appointed Fijian Prime Minister is a Bitcoin supporter.

In-Depth Reading

Leveraging Telegram, Can TON Chain Stand Out in 2023?
The Rise of GAINS and the Fall of DFYN in the Polygon Ecosystem: Ratings Analysis

TI Research

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What Happened on Dec. 29th｜FTX Used $200M of Customer Funds for Two Venture Investments, SEC Says

DeFi

CeFi

Metaverse & NFTs

Policy & Regulation

In-Depth Reading

TI Research

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