#DeFi

FTX's leadership aims to nullify user and investor claims concerning specific tokens linked to investments made by the former CEO, Sam Bankman-Fried. Included in the affected list are tokens such as Maps (MAPS), DeFi Oxygen (OXY), Serum (SERUM), and Boba (BOBA).

The Texas-based clothing company Beba and the DeFi Education Fund (DEF) have filed a lawsuit to challenge the SEC's classification of airdropped BEBA tokens as investment contracts (securities).

U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return.

The DeFi project Unizen has announced plans to refund victims of a hacking attack that resulted in losses of $2.1 million. Users who lost less than $750,000 will receive compensation "immediately."

The legal team at Polygon Labs is advocating for DeFi to be classified as critical infrastructure in the United States, warranting oversight by the Department of the Treasury's Office of Cybersecurity and Critical Infrastructure Protection (OCCIP).

Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications' liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.

Maker ($95.91 million): The project behind the decentralized stablecoin DAI, offering investors a slice of U.S. Treasury bond yields.