SEC charges Terra and founder Do Kwon for fraud.

https://watcher.guru/news/sec-charges-terra-founder-do-kwon-for-fraud

Full breakdown on the charges: https://twitter.com/hosseeb/status/1626359056515616769

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TIME just revealed the cover of their next issue.

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Binance secretly had access to a bank account of its U.S.-based partner and transferred more than $400 million from that account to a trading firm managed by Chief Executive Officer Changpeng Zhao.

The transfers happened over the first three months of 2021, with money moving from the Binance.US account at Silvergate Bank to trading firm Merit Peak Ltd.

Binance.US acknowledged that a market making firm called Merit Peak, which is alleged to have secretly received $400 million from the exchange, operated on its platform.

https://www.theblock.co/post/212658/binance-transferred-400-million-from-u-s-partner-to-zhao-run-firm-reuters-says

https://www.theblock.co/post/212756/merit-peak-firm-at-heart-of-reuters-report-operated-on-binance-us-exchange-admits

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Platypus has been exploited for approximately $8M.

https://twitter.com/spreekaway/status/1626319585040338953

Zackxbt traced the exploiter:
https://twitter.com/zachxbt/status/1626434265260118021

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Collab.Land has announced an airdrop.

Tokens can be claimed starting on February 23, 2023 until May 23, 2023.


Who is eligible for the Collab.Land token?
The following four groups are eligible for a sponsored claim. A sponsored claim means that Collab.Land is not requiring claimants to pay gas. This also means that no wallet connection is required.

1. Verified Community Members in Discord or Telegram

2. Collab.Land’s Top 100 Discord communities based on membership, longevity, and activity

3. Collab.Land Patron NFT holders (token numbers 1-142)

4. Collab.Land Membership NFT holders

For groups #1 and #2, the snapshot was taken on 02.14.23.

For #3 and #4, NFTs can each claim tokens once.

https://wagmi.collab.land/

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FTX’s Bahamas-based entity comingled customer funds with corporate funds, according to a liquidator report.

The findings, published earlier this month, state that there was “little distinction” between client and company funds on an accounting basis.

Similar claims were made about the broader FTX empire at the outset of its bankruptcy process.

The FTX Digital Markets report indicated that poor accounting practices would make it difficult to identify which money belongs to who.

Was anyone sitting around expecting the Bahamas operation to turn out to be a paragon of bookkeeping?

It’s just more sad proof that the bankruptcy and the unwinding process looks increasingly like it’ll be a Gox-length event. Good luck out there.

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What is with this 'First ZkEVM' trending on CT?

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Binance Will List Gains Network (GNS) in the Innovation Zone
https://www.binance.com/en/support/announcement/879934f2ae8c40b8a6fab68f713bb73a

Yesterday was the highest options 24h volume this year with over $3 billion notional

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Stepn announces airdrop rewards for each Genesis Sneaker holder:

Genesis Sneaker Airdrop 🪂
Common ➡️ 4,000 $GMT
Uncommon ➡️ 8,000 $GMT
Rare ➡️ 16,000 $GMT
Epic ➡️ 32,000 $GMT

Full thread: https://twitter.com/Stepnofficial/status/1626550531660431360

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Arbitrum has been integrated onto Coinbase

https://twitter.com/CoinbaseAssets/status/1626296045184376833

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Binance Global is considering ending relationships with US business partners such as banks and services firms; it also consider de-listing tokens from any US-based projects, including USDC. Binance US is not affected and has no plans to exit country

https://www.bloomberg.com/news/articles/2023-02-17/binance-holdings-explores-retreat-from-the-us-as-crypto-crackdown-escalates

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Over the last 3 months:

1. Household debt hit a record $16.9 trillion

2. Credit card debt hit a record $986 billion

3. Mortgages hit a record $11.9 trillion

4. Auto loans hit a record $1.6 trillion

5. Student loans hit a record $1.6 trillion

Telegram | Twitter

Since February 1st:

1. Futures added 50 bps in rate hike expectations

2. November CPI revised higher by 0.1%

3. December CPI revised higher by 0.2%

4. January PPI more than doubled expectations

5. Fed talking about 50 bps rate hikes

The fight against inflation continues.

Source: Kobeissi Letter

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⚡ YouTube Names A Web3-friendly Executive Is Its new CEO.

@Crypto_News | link

Satoshi. 😂

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OpenSea said it was dropping its fee to 0% for a period of time while also moving to a 0.5% “creator earnings model.”

https://twitter.com/opensea/status/1626682043655507969

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