Intro

Kraken shelves its IPO as market conditions shift. Francis Corvino joins to break down the Blockfills bankruptcy and the $145M in claims. Plus, the SEC's new token guidance, Circle’s stock surge, and a sophisticated North Korean hack targeting Bitrefill and Jimmy Song.

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Francis Corvino, of Lygos Finance joins us to talk about the Blockfills bankruptcy filing, their $145M in unsecured claims, and why the 2022 "hangover" is still claiming victims today. We also dive into Kraken’s decision to delay its public offering, the SEC’s long-awaited guidance on token offerings, and the meteoric rise of Circle’s stock following Clarity Act talks. Finally, we warn you about the sophisticated Lazarus Group phishing campaign that hit Bitrefill and targeted seasoned developers.

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Notes:

* Kraken delayed IPO due to market conditions.

* Blockfills: $145M in unsecured claims reported.

* Lazarus Group hack targeted Bitrefill via Telegram.

Timestamps:

00:00 Start

03:33 Kraken IPO delay

12:06 Lygos Finance on Bitfills

26:09 SEC clarity on crypto assets

34:59 Vanity Fair hit piece

47:44 Ledn & the Bitcoin loan market

1:02:42 Cathedra on HPC & mining

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