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Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.

“He poured money — other people’s money — into investments to make himself even richer,” the prosecutor said in opening arguments.

In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network

If your defense is “I didn’t know what was happening,” don’t dress like a competent person.

Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.

CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.

A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange.

The lead investor in the fund was B1, which committed $50 million, alongside Richard Li’s Pacific Century Group, Tyler and Cameron Winklevoss’ firm and Animoca Brands founder Yat Siu.

Kanani, who founded Polygon in 2017 alongside Sandeep Nailwal and Anurag Arjun, announced his plans in a post on X (formerly Twitter) on Wednesday.