Web3 & DAO News: Week 51, 2022

Here’s the next weekly recap of significant happenings within the Web3 and DAO space all in one Twitter thread.

Subsequent threads are formatted to include the latest news, their TL;DR, and direct links for you to explore more.

Keep reading as the hub brings you up to speed with the latest Web3 happenings.

SBF Extradited To The U.S — CNN

• Bankman Fried was arrested in the Bahamas following the FTX — Cryptocurrency Derivatives Exchange collapse.
• Less than a week after arrest, his application for extradition was granted by Bahamian judge.

Sam Bankman-Fried will be extradited to the US tonight, Bahamas AG says | CNN Business

DAOs Now Recognised as Domestic Limited Liability Companies — DailyCoin

• Marshall Islands legally recognize DAOs as LLCs.
• New DAO Act is applicable to both for-profit and nonprofit DAOs.
• DAOs might have to add “DAO LLC” to their names.

Marshall Islands Legally Recognizes DAOs as Domestic Limited Liability Companies

TRON DAO Ventures To Empower Elite Blockchain Startups — Cointelegraph

• In a bid to foster decentralisation, TRON DAO announced Tron DAO Ventures (TDV).
• TDV exists to discover and invest in elite startups.

Tron DAO Ventures to invest in Tron ecosystem and beyond

Ankr Claims Ex-employee Caused $5M Exploit — YahooFinance

• Ankr was maliciously attacked earlier this month.
• The DeFi protocol claims that a former employee inserted a malicious code package to conduct a supply chain attack.

DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit

Alleged Terra Rebels Scam May Stop Binance LUNC Burns — Crypto Basic

• Earlier today, LUNC DAO accuses the Terra Rebels of scamming the Terra Classic community and jeopardizing Binance support.

Alleged Terra Rebels Scam May Stop Binance LUNC Burns

There’s the recap of the latest Web3 and DAO news and their direct sources for you to #DYOR.

Next week, relevant happenings within the week will be brought to your notice by the next issue of the DIA Community News Thread.

In the meantime, follow the conversation on Twitter:

DIA Community Hub

The DIA DAO curated hub for all news and development in the DIA ecosystem

Discord | Dework | Twitter