Top10 News

1. Coinbase fined $50M for violating anti-money laundering laws link

Coinbase agreed to pay a $50 million fine after financial regulators found that it violated anti-money laundering laws by allowing customers to open accounts without conducting adequate background checks. The New York State Department of Financial Services also required Coinbase to invest $50 million to enhance its compliance program.

2. Wyre to close down and terminate its services due to layoffs link

Wyre, a cryptocurrency payment company founded in 2013, has informed employees that it will close down due to layoffs and plans to terminate its services in January 2023, Axios reported. Previously, users of the Ledger hardware wallet reported that Wyre, the recommended transaction partner of its APP, would freeze user funds for no reason.

3. Crypto lender Genesis lays off 30% more of its staff link

DCG’s Genesis Global Trading has just announced further layoffs and the closure of its wealth management division, HQ Digital. Genesis sales and business development cuts were the most severe, with the total headcount now down to 145. Genesis first announced a 20% layoff in August.

4. Gemini founder Cameron Winklevoss issued an open letter to DCG founder Barry link

Gemini founder Cameron Winklevoss issued an open letter to DCG founder Barry, pointing out that today is the 47th day since Genesis stopped withdrawals of 340,000 EARN users, with 900 million US dollars, asking Barry to make a public commitment to address this issue by January 8. DCG founder Barry responded: DCG did not borrow $1.675 billion from Genesis; DCG has never missed an interest payment to Genesis and the next loan is due in May 2023; DCG submitted a proposal to Genesis and its advisors on Dec. 29, but has not received any response.

5. SBF pleads not guilty to charges of defrauding customers of millions of dollars’ worth of digital assets link

SBF pleaded not guilty to federal charges in New York on Tuesday. Charges against SBF include money laundering, conspiracy to commit wire fraud and securities fraud. CNBC reported. Federal prosecutors also announced the launch of a new task force to recover victim. CNBC reported.

6. Over 200 BTC stolen from bitcoin core developer Luke Dashjr link

Bitcoin core developer Luke Dashjr said that his PGP key was leaked, leading to the hack of more than 200 bitcoins (approximately $3.5 million). Some of them have been mixed. CZ said Binance will monitor and provide help.

7. The founder of the Goobers NFT DNP3 admitted to using user funds for gambling link

Goobers launched in September 2021 and accumulated a total transaction volume of 968 ETH. DNP3 is also the founder of web3 game Gridcraft Network and cryptocurrency CluCoin.

8. SEC requests suspension of Binance US’ acquisition of Voyager Digital link

The Securities and Exchange Commission, the U.S. Trustee within the Justice Department and state regulators from New Jersey and Vermont have filed motions objecting to the Binance US’s acquisition in Voyager’s bankruptcy proceedings in the Southern District of New York.

9. The Dedaub team has disclosed a Critical vulnerability to the Uniswap team link

The vulnerability allows re-entertrancy to drain the user’s funds. Uniswap addressed the issue and redeployed the Universal Router smart contracts on all its chains. Uniswap offers bounties.

10. Babel Finance intends to issue BRC-USDC and other “IOU” tokens to creditors link

Babel Finance intends to issue BRC-USDC and other “IOU” tokens to creditors, which will be built on BabeDAO, which is still subject to relevant court proceedings. BabeDAO is a dual-token system, including the governance token BABE and the underlying pricing token HOPE. Previously, Babel Finance stated that it lost 280 million US dollars in proprietary trading. Its largest creditors include Genesis Zipmex and some individual investors in Chinese-speaking regions.

Fundraising

• Aptos-based multisig wallet Msafe raises $5 million led by Jump Capital link

• Ondefy, a simplified DeFi Meta Aggregator, raises $1M in the seed round link

• Assure Wallet announces the completion of $1.4 Million Pre-A Round of financing link

• Candy Digital announces completion of Series A1 funding round for undisclosed amount led by Galaxy and ConsenSys Mesh link

Learn more, check out crypto-fundraising.info.

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