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Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
A private financial document reviewed by CoinDesk shows that Sun, one of the richest figures in crypto, was responsible for the vast majority of a key Valkyrie division’s assets under management.
Polygon Founder Unveils Web3 Accelerator Beacon
The accelerator aims to connect founders with potential investors.
FTX’s Bankman-Fried Gave Ex-Jane Street Traders Who Formed Modulo Capital $400M
Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived.
Gaming Platform Forte Partners With Venture Studio SuperLayer to Expand Beyond Web3 Gaming
The blockchain platform also invested $5 million in the venture studio, which will go towards backing incubated companies.
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
The miner used Braiins mining pool, whose payout method caused the variance between Riot’s mining capacity and the amount produced, according to a person familiar.
Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources
In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.
FCA-Regulated Crypto Custodian Digivault Is Up for Sale Following Eqonex Liquidation: Source
A deal to buy Digivault, which is winding down operations, would include a crypto license in the United Kingdom.
Coinbase Foils Extortion Attempt, Reinforces Bug Bounty Program
A self-proclaimed "hacker" demanded $450,000 after falsely claiming to be in possession of sensitive Coinbase customer data.
EU Crypto, NFT Providers Must Report Tax Details Under Leaked EU Plan
A draft bill seen by CoinDesk also covers stablecoins, derivatives and companies outside the bloc.
Bankman-Fried Apologizes to FTX Employees, Details Amount of Leverage in Internal Letter
The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
