SBF: Not So Lucky After All 😟
In today's edition: Crypto Villains World Cup's final game, Ellison admits wrongdoing, SBF's Judge withdraws from the case, and more!
The Grand Finale: Who do you think was the *most* villainous villain of 2022?
Vote in our Twitter poll!
If you haven’t watched it yet, recap the year of carnage here:
On the Pod…
Martin Shkreli Explains Why Sam Bankman-Fried Got Lucky With His Judge
In the News…✍️✍️✍️
District Judge Ronnie Abrams withdrew from presiding over Sam Bankman-Fried's case due to a potential conflict of interest, as her husband Greg Andres is a partner at Davis Polk & Wardwell, a former adviser to FTX.
Caroline Ellison admitted in a federal court in New York that she and former FTX CEO, Sam Bankman-Fried, deliberately misled lenders by creating false financial statements regarding the amount of money the firm was borrowing.
Paxos recovered 11,184 Paxos Gold (PAXG) tokens worth $20 million stolen during the FTX hack in November.
Leading NFT marketplace OpenSea is delisting Cuban artists and collectors from its platform in order to comply with US sanctions.
Bitcoin mining equipment and hosting provider Blockware Solutions is being sued for allegedly breaching a contract, negligence, and fraud by a customer seeking at least $250,000 in damages.
Ren DAO voted to fund the development of its new version by minting 180 million REN tokens, valued at approximately $10.8 million.
According to a report by Hashrate Index, Bitcoin mining companies finished 2022 with a total of $4 billion in debt.
A suspected North Korean hacker group made a profit of $365,000 by stealing and reselling 1,055 NFT tokens this year.
Research shows that wash trading accounted for over $30 billion of NFT trading volume on Ethereum, representing more than half of total NFT trade volumes in 2022 and almost 45% of all-time NFT trading volume.
Today in Crypto Adoption...
The International Chess Federation partnered with layer 1 blockchain Avalanche to bring its competitions to Web3.
What Do You Meme
📈 Your Market Update 📉
BTC is up .1%, trading at $16,866
ETH is up .11%, trading at $1,221
BTC dominance: 38.59%
Crypto market cap: $841 billion
*All data as of today, 5 am ET
Recommended Reads
Ram Ahluwalia, a recent guest on Unchained, on DCG’s $1.1 billion loan:
CoinDesk’s Michael Selig on why 2023 will be a year of Regulation vs Decentralization.
Decrypt’s Ben Munster on Web3 VCs.
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