TLDR Crypto

TLDR Crypto 2023-02-17

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01MARKETS & BUSINESS

MANAGED BY CEO ZHAO

Binance moved large sums of money over the first three months of 2021 from Binance.US to Merit Peak, a trading firm managed by Binance CEO Changpeng Zhao. Over $400 million was transferred from the Binance.US account to Merit Peak. The reason for the transfer and whether any of the money belonged to Binance.US customers is unknown. A Binance spokesperson commented that the information was outdated.

archive.ph16 min read

BROTHERHOOD AND BETRAYAL

Sam Bankman-Fried and Gary Wang had been friends since their teens. They met during a five-week summer program for mathematically talented high school students in 2008. Bankman-Fried and Wang worked together for nearly all of their adult lives. This article looks at Gary Wang, his past, and his role with FTX. Wang was mostly in the background, creating the platforms and engines that the company used.

archive.ph17 min read

02INNOVATION & LAUNCHES

ZKSYNC COUNTERS POLYGON WITH ‘MAINNET’ ROLLUP

zkSync has opened up registrations for developers to deploy applications to its blockchain-based platform. The announcement comes a day after Polygon set a date for the launch of its zero-knowledge-based scaling solution for Ethereum. Matter Labs has raised $200M to develop an ecosystem fund to foster the adoption of zkEVM. The recent announcements by Polygon and Matter Labs may increase pressure for other zk-rollup providers to launch their platforms.

thedefiant.io2 min read

03GUIDES & TUTORIALS

04MISCELLANEOUS

ASSETS

blockworks.co3 min read