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πŸ’΅ U.S. seizes $700M from Sam Bankman-Fried
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πŸ’΅ U.S. seizes $700M from Sam Bankman-Fried

Will be subject to forfeiture if he’s found guilty

Jan 23
10
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πŸ’΅ U.S. seizes $700M from Sam Bankman-Fried
www.waivly.com

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Hey Waivly Crew! 🌊 The U.S. government wants to take control of nearly $700 million of assets it seized from Sam Bankman-Fried. Microsoft will shut down AltspaceVR on March 10th

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Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, news, resources, and so much more, all blended together into one super low-cost and quick to join membership πŸŽ‰ Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 75% off saving on your membership by joining today.


U.S. seizes $700 million linked to Sam Bankman-Fried

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Federal prosecutors have seized nearly $700 million in assets linked to former FTX CEO Sam Bankman-Fried, primarily in the form of Robinhood shares.

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According toΒ court documents, the seized assets include $94.5 million in an account in Silvergate Bank, $49.9 million held at Farmington State Bank, and $20.7 million at ED&F Man Capital Markets, Inc.

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The bulk of the value comes from 55,273,469Β RobinhoodΒ (HOOD)Β sharesΒ that Bankman-Fried allegedly purchased using stolen FTX customer funds. The stock closed Friday at $9.52, valuing the shares at roughly $526 million.

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β€œWe believe that these assets are not property in the bankruptcy estate” or are subject to exemptions, meaning they don't have to be frozen like most FTX assets are, pending wind-up," U.S. Attorney Seth Shapiro told a Delaware bankruptcy court earlier this month.


Binance Charity to provide 30,000+ Web3 scholarships in 2023

Helen Hai (@HelenHaiyu) / Twitter

Binance Charity, the philanthropic arm of the world’s largest crypto exchange, has announced plans to fund 30,665 Web3 scholarshipsΒ in 2023.

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The Binance Charity Scholar Program (BCSP) aims to enable the next generation of students to develop skills and experience in Web3 without facing financial barriers. Binance Charity explained in a blog post:

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β€œWe recognize that digital education and skills development can be out of reach for many, resulting in a blockchain industry that lacks diversity and talent. The Binance Scholar Program changes all that, covering the costs of tuition and course fees at some of the world’s leading universities, colleges, and vocational training providers.”

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Amongst the schools involved include the University of Western Australia, the University of Nicosia in Cyprus, the Frankfurt School of Finance & Management in Germany, and the Nigerian-based technology hub, Utiva.

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Binance Charity said they also partnered with Ukrainian-based facilities to help re-train Ukrainians who may have lost their jobs due to the war with Russia.

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Over the past six months, Binance Charity has donated more than $2.2 million in BUSD β€”Β Β a fiat-backed stablecoin issued by Binance and PaxosΒ β€” and granted 36,500 scholarships from 82,000 applications.


The Waves

⏲️ OpenSea adds real-time data to NFT collection pages

🧐 CNBC’s Jim Cramer urges investors to sell crypto

πŸ‘€ The Federal Reserve probes Goldman Sachs

πŸ‘› 1inch Network launches hardware wallet


Creator Special

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Samanyou Garg

Samanyou Garg (@SamanyouGarg) / Twitter

Samanyou Garg is the founder of Writesonic, an AI writing platform designed to help users create SEO-optimized and plagiarism-free content.

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Earlier this month, Writesonic launched ChatSonic, a ChatGPT-like chatbot that integrates with Google Search to create content with the latest information. It can also create digital images and respond to voice commands.

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Israel Riqueros is a New York City-based creative, photographer & director. He creates conceptual cinematic imagery that is inspired by film, music, and the human condition.

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The artwork above is part of β€œMAIN SEQUENCE,” an NFT collection that focuses on the concept of humankind searching for hope, putting faith and purpose into something greater than themselves.


Microsoft to shut down AltspaceVR on March 10th

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Microsoft will shut down AltspaceVR, the social virtual reality (VR) platform the company acquired in 2017, on March 10th, 2023.Β 

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In aΒ blog postΒ published on Friday, Microsoft explained the move will help shift its focus to support immersive experiences powered by its mixed-reality platform, Microsoft Mesh.

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AltspaceVR became one of the first social VR experiences when it launched in 2015. After the startup announced it would shut down in 2017, MicrosoftΒ rescued the platformΒ as part of its efforts to build its own mixed-reality ecosystem.

Twitter avatar for @AltspaceVR
AltspaceVR @AltspaceVR
We have some sad news, Altspacers. #AltspaceVR is shutting down on March 10th. Though we hate saying goodbye, we also feel such pride and gratitude for all the magic that happened here. ✨ Thanks for joining us on this epic adventure. #socialvr
altvr.comAltspaceVR to Sunset the Platform on March 10, 2023 - AltspaceVRWe want to thank all who have used AltspaceVR over the years to bring a delightful and enriching dimension to the world.
5:42 PM βˆ™ Jan 20, 2023
410Likes137Retweets

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β€œWe look forward to what is to come, including our launch of Microsoft Mesh, a new platform for connection and collaboration, starting by enabling workplaces around the world,” Microsoft said. β€œIn the near term, we are focusing our VR efforts on workplace experiences, learning from and alongside our early customers and partners, and ensuring we deliver a foundation that enables security, trust, and compliance. Over time, we hope to extend to consumer experience[s] a[s] well."

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This news came just days after Microsoft announced it would cut 10,000 employees through the end of March. According to Windows Central, plans to cut the AltspaceVR team as part of the reorganization.


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Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, news, resources, and so much more, all blended together into one super low-cost and quick to join membership πŸŽ‰ Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 75% off saving on your membership by joining today.

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