This episode is sponsored by the Galaxy Brains Podcast.
Crypto bank Silvergate Capital (SI) stocks have been in free fall this morning, down over 46% as the firm races to cover $8.1 billion in withdrawals during the crypto meltdown; the TON Foundation aims to solve large-scale data storage problems by launching Ton Storage project. Plus, two Web3 builders have lost to scammers non-fungible tokens (NFT) estimated to have been worth hundreds of thousands of dollars.
See also:
Three Arrows Capital founders subpoenaed on Twitter
Silvergate shares tumble as crypto bank reveals $8.1bn fall in deposits
This episode has been edited by Adrian Blust. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
