BITCOIN

Cryptocurrency exchange Binance has reportedly processed nearly $346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance Moved Over 20,000 BTC for Bitzlato Since 2018 The global leader in the crypto trading sector, Binance, has allegedly transferred cryptocurrency worth almost $346 million for the Hong Kong-based Bitzlato, Reuters reported quoting data from Chainalysis. Bitzlato was a little known exchange until it was recently targeted in what U.S. authorities described as a “significant blow to the crypto crime ecosystem.” Last week, the Justice Department announced that Bitzlato’s co-founder and majority shareholder, Russian citizen Anatoly Legkodymov who lives in China, was arrested in Miami and charged with operating an unlice

While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 Billion in Total Value Locked, Team Prepares for Shanghai Withdrawals As of the time of writing, the decentralized finance (defi) liquid staking protocol Lido is the most dominant defi protocol today, in terms of total value locked (TVL). Statistics from defillama.com show that Lido’s $7.92 billion TVL dominates the $46.56 billion TVL held in defi today by approximately 17.01%. Lido is the largest holder of staked ethereum as the protocol commands around 29% of the staked ether supply . Lido’s ethereum derivative token STETH is the 13th largest market valuation in the cryptocurrency economy with $7.73 billion. Furtherm

Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what the company had previously disclosed. Unredacted Documents Reveal Blockfi’s $1.2 Billion Exposure to FTX, Alameda Research It seems that Blockfi had a lot more money tied up with FTX and Alameda Research than what was originally suggested by the firm. A CNBC report indicates that unredacted documents were mistakenly sent to the bankruptcy court, revealing that Blockfi had $415.9 million connected to FTX, and roughly $831.3 million in loans to Alameda Research. The latest Blockfi filing shows that $1.2 billion is allegedly tied up with both FTX and Alameda, both of which have filed for Chapter 11 bankruptcy protection. When Blockfi’s bankruptcy case started in New Jersey, lawyers origin