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Hodler’s Digest, June 5-11 -Breaking


US SEC investigates Binance’s ICO, metaverse crypto assets up 400% YoY, and STEPN faces DDoS attacks: Hodler’s Digest, June 5-11

Restraining order by NFT was issued to anonymous hacker

A temporary restraining or NFT order has been issued to an anonymous defendant in an investigation into exchange hacking. It is possibly the first such industry decision. This defendant is involved in legal proceedings regarding the hack of January 2022 LCX. As a restraining measure, two law firms issued the NFT service token to the defendant. The event was billed as the first NFT-related legal use.

CEO says that FTX does not intend to freeze its hiring during layoffs at any other crypto-firms.

Some industry leaders have decided to reevaluate their staff, but not FTX, as the crypto bear market continues. According to Sam Bankman Fried, CEO of the derivatives exchange, they will keep adding staff. Recent weeks saw Gemini reduce its staff and Coinbase (NASDAQ) stop new hires. However, the last crypto bear market was much worse for employee reductions in 2018.

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