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Crypto Market Highlights November 28, 2022

Crypto Market Highlights News Of The Day

Bahamas Attorney General: FTX Remains The Subject Of “An Active Investigation”

Bahamian authorities are still investigating the collapsed cryptocurrency exchange FTX, according to Bahamas Attorney General Ryan Pinder, who complimented the Bahamas’ regulatory structure and the speed with which it responded to the situation. For more specific information, you can read the article below:

https://news.coincu.com/146871-bahamas-attorney-general-ftx-remains-the-subject-of-an-active-investigation/

Justin Sun And Vitalik Buterin To Invest $2 Billion In WEF

Justin Sun, founder of Tron, quote retweeted, stating he and Vitalik Buterin, co-founder of Ethereum, will invest 2 billion into Wrapped Ethereum Foundation (WEF) to recover all the funds. For more specific information, you can read the article below:

https://news.coincu.com/146924-justin-sun-vitalik-to-invest-in-wef/

Aave Decommissions Low Liquidity Asset Pools To Defend Against Threats

To protect against attacks, Aave decommissions low liquidity asset pools. Last week, a large CRV trade left DeFi Lender with a $1.6M bad debt. For more specific information, you can read the article below:

https://news.coincu.com/146911-aave-low-liquid-pools-defendthreats/

Singapore Government Faces Parliament Over FTX Consequences Including $275M Of Temasek

The Singapore government faces closer scrutiny over the fallout of Sam Bankman-Fried’s FTX crypto empire. In particular, the state investment fund Temasek Holdings was locked $275 million on the platform. For more specific information, you can read the article below:

https://news.coincu.com/146971-singapore-government-faces-parliament-ftx/

Abracadabra Calls On Sushi Swap As A Faulty Oracle Threatens $10 Million

SushiSwap has been asked by the community of Abracadabra, a crypto lending protocol and issuer of the MIM stablecoin, to make changes to two of its Bento vaults holding $10 million in Abacadbra users’ assets that could be at risk. For more specific information, you can read the article below:

https://news.coincu.com/146909-abracadabra-calls-on-sushi-swap/

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.