South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June ’21; Toss Bank has 5M users (Kate Park/TechCrunch)

Vincent Manancourt / Politico:
Ireland’s DPC fines Instagram €405M for violating children’s privacy under GDPR, the second highest fine under the law and the third for a Meta-owned company  —  The Irish Data Protection Commission has fined Meta-owned social media platform Instagram €405 million for violations of the General Data Protection Regulation.

David Gutman / The Seattle Times:
Meta receives a ~$24.7M fine, the maximum possible, after a Washington judge found it had intentionally violated campaign finance disclosure laws 822 times  —  Meta, Facebook’s parent company, was fined nearly $25 million Wednesday for intentionally and repeatedly violating Washington’s campaign finance laws.

Tim Copeland / The Block:
Orthogonal Trading defaults on eight loans to lending protocol Maple Finance totaling $36M, or ~30% of active loans on the protocol, likely due to FTX exposure  —  – Orthogonal Trading has defaulted on eight loans totalling $36 million on lending protocol Maple Finance.

Jim Brunner / The Seattle Times:
A Washington court rules Meta repeatedly violated the state’s campaign finance transparency law for political ads and must pay penalties yet to be determined  —  Meta, Facebook’s parent company, repeatedly and intentionally violated Washington campaign-ad transparency law and must pay penalties yet …

Muyao Shen / Bloomberg:
DeFi Llama: the total value locked in DeFi has dropped by 12%+ in the past day, after hovering around $50B to $60B since June 2022 and $180B+ in December 2021  —  Decentralized finance is feeling the pain of Binance’s proposed takeover of FTX.com, with investors yanking cash from projects …

Moneycontrol:
Prosus valued its 9.67% stake in Byju’s at $578M at the end of Q3 2022, implying Byju’s total value to be $5.9B; Byju’s was valued at $22B in October 2022  —  Although Prosus’ accounting entry implies that it values Byju’s at $5.9 billion, experts say that different shareholders may value a private company differently in their books.