Forbes:
Binance says it will cease trading Helium Network Tokens, or HNT, over the next week and advises users to close out their positions — Binance told Forbes it delists tokens to protect its users, and periodically reviews “each digital asset we list to ensure that it continues to meet a high level of standard.”
Danny Nelson / CoinDesk:
Sources: due to an accounting bug, Binance erroneously disbursed ~4.8M of Helium’s HNT tokens, worth ~$19M, to some of its users, many of whom quickly sold them — The Helium network has two tokens, HNT and MOBILE. Binance counted them as one, HNT, resulting in a windfall for customers who deposited the MOBILE.
Andrew Hayward / Decrypt:
Nova Labs and T-Mobile sign a five-year deal to launch Helium Mobile, a 5G MVNO service for smartphones that combines coverage from the two companies’ networks — Helium Mobile will tap both the decentralized 5G network and T-Mobile’s service while also offering crypto rewards to users. — In brief
Michael McSweeney / The Block:
NY, CA, and several other states take action against crypto lender Nexo, from sending cease and desists to suing, with interest-bearing accounts a main focus — A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday.
Shaurya Malwa / CoinDesk:
Binance and Huobi block deposits of FTX’s native token, FTT, after 192M tokens worth ~$400M were released out of schedule and without warning — The tokens were illicitly released from FTT’s main deployer address. — Crypto exchanges Binance and Huobi blocked deposits of FTT …
Jeff Kauflin / Forbes:
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX’s implosion and a $160M hack, as revenues dramatically decline in 2022 — By deftly navigating crypto’s frontier markets and winning big on the collapse of Terra’s stable coin, Wintermute has grown …
Jeff Kauflin / Forbes:
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX’s implosion and a $160M hack, as revenues dramatically decline in 2022 — By deftly navigating crypto’s frontier markets and winning big on the collapse of Terra’s stable coin, Wintermute has grown …
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