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TheBlock's secret funding

The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose the loans $43 million, of which $16 million was used to purchase real estate in the Bahamas. These loans were apparently kept secret from employees, as McCaffrey was the only member on the board.

Run Do Kwon run

It has emerged that Terraform Labs CEO Do Kwon could have moved to Serbia. The South Korean Ministry of Justice is requesting assistance from the Serbian government to locate Kwon. However, there is the possibility that Kwon has already left the country. South Korean authorities issued an arrest warrant for the Terra co-founder in September, and this was followed by an Interpol Red Notice.

Playing it safer

Tether, the issuer of USDT has stated that it will eventually stop the practice of lending out funds from its reserves. This statement came amid FUD from mainstream media concerning its secured loans. The company reiterated that its secured loans are over-collateralized, but will be eliminating these loans throughout 2023.

Mr. Wonderful hits out at Binance

Kevin O’Leary of Shark Tank fame, has claimed that Binance caused the collapse of FTX. The Canadian entrepreneur was speaking at the Senate Committee on Banking, Housing and Urban Affairs hearing on the FTX collapse, and mentioned “One put the other out of business–intentionally.”

Coinbase recovery tool for ERC-20 tokens!

Coinbase has launched a recovery tool with support for roughly 4,000 erc-20 tokens. Affected users will be able to fill up a form with the Ethereum TXID for the lost assets, and the contract address. Eligible tokens for the service include Wrapped Ether (WETH), TrueUSD (TUSD), and staked Ether (stETH).


Here are the top trending coins for this week!



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