According to CertiK's monitoring, the Defrost Finance project is an exit scam. CertiK tried to contact several members of the team, but received no response. In addition, CertiK also stated that "the team did not perform KYC, but we are assisting the authorities with all the information we have". It is reported that CertiK is the audit company of the Defrost Finance project.

Hudson Rock, a cybercrime intelligence firm, said this week that it had discovered that data on 400 million Twitter users, including private emails and associated phone numbers, was being sold on the black market. The private database contained a wealth of information, including emails and phone numbers of high-profile users such as AOC, Kevin O'Leary, Vitalik Buterin, Mark Cuban, and more.

According to Finbold, between January 2022 and October 2022, an estimated 102.06 million crypto wallets were downloaded to Android and iOS devices (counting a total of 21 selected apps that enable digital currency storage). This value is down 42.37% from the 177.85 million downloads in 2021. Notably, last year’s numbers represented the highest annual crypto wallet downloads ever recorded, a 453.12% increase from 2020’s 32.95 million.

Lawmakers in Kenya are currently advancing a law that would allow taxation of cryptocurrencies, according to Kenyan media outlet Business Daily. If the bill is approved, cryptocurrency investors in the country will have to pay capital gains tax to the Kenya Revenue Authority when they sell or use cryptocurrencies in transactions. According to a June report by the United Nations Conference on Trade and Development, 8.5 percent of the country’s population, or 4.25 million people, own cryptocurrencies.

Funding for Genesis' lending unit is facing difficulties, with the company warning potential investors that it could file for bankruptcy if it can't raise funds. It is reported that its financing target has been halved from US$1 billion to US$500 million. Parent company DCG is reluctant to sell part of its venture portfolio and has no plans to sell another company, Grayscale, the sources added. Bloomberg quoted a statement from Genesis saying it had no "immediate" plans to file for bankruptcy and was working to resolve the issues it was facing. According to previous news, Genesis Trading has suspended redemption and new loan issuance. DCG said that the business operations of other wholly-owned subsidiaries have not been affected, and DCG has injected $140 million in equity to Genesis Trading.

According to the Beijing Business Daily, today, eight departments including the central bank issued the "Overall Plan for the Construction of Science and Technology Innovation and Financial Reform Pilot Zones in Shanghai, Nanjing, Hangzhou, Hefei, and Jiaxing." Among them, in terms of deepening the development and application of financial technology, the "Overall Plan" pointed out that under the premise of compliance with laws and regulations and controllable risks, actively explore the application of blockchain technology in supply chain finance, trade finance, transaction clearing, credit investigation and other financial services. The security application of the scene supports the construction of the Yangtze River Delta Credit Information Chain and promotes the integrated development of the Yangtze River Delta Credit Information. Support higher education institutions, research institutions and financial technology companies in the pilot zone to strengthen cooperation. Support regional equity markets in the pilot zone to carry out blockchain application pilots, and establish an account docking mechanism between regional equity markets and China Securities Depository and Clearing Co., Ltd.

FTX tweeted that certain funds of FTX Global and related debtors were transferred without authorization on November 11, 2022, and these funds are being transferred through intermediate wallets. The exchange should take all measures to ensure the return of these funds to parties in bankruptcy.

Ripple CEO Brad Garlinghouse expressed interest in acquiring some of FTX's operations. Garlinghouse said on the sidelines of Ripple’s Swell conference in London this week that SBF called him two days before FTX filed for bankruptcy in an attempt to rally investors to save the company. The two discussed on the phone whether there was an FTX-owned business that Ripple "would like to own." Garlinghouse said he is interested in buying FTX's business serving commercial clients. But since FTX has filed for bankruptcy protection in the United States, a potential acquisition will be more difficult than before.