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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Winklevoss says crypto broker Genesis negotiating in bad faith

On Monday, Cameron Winklevoss, who co-founded the cryptocurrency exchange Gemini Trust Co. with his twin brother, accused Barry Silbert, the CEO of Digital Currency Group (DCG), of engaging in “bad faith stall tactics,” and he asked Silbert to commit to resolving $900 million worth of disputed customer assets by January 8.

Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies

A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from those companies. The individual then traded meme stocks and cryptocurrencies with almost all of the stolen money, but ultimately lost almost all of it.

U.S. DOJ to seize $465 million of Robinhood shares tied to Bankman-Fried

A U.S. attorney told a judge on Wednesday that federal prosecutors are seizing shares of Robinhood Markets Inc (HOOD.O) related to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange.

Crypto lender Genesis lays off 30% of staff — source

According to a person familiar with the subject, cryptocurrency company Genesis has slashed 30% of its personnel in a second wave of layoffs in less than six months. This comes as pressure rises on executives inside the cryptocurrency business to cut costs in the wake of a downturn in the market.

U.S. securities regulator probes FTX investors’ due diligence -sources

As the repercussions from the collapse of the cryptocurrency corporation continue to spread, the United States Securities and Exchange Commission (SEC) is reportedly collecting details about the due diligence performed by FTX investors. This is according to two persons familiar with the investigation.

About RoboFi

RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

Official Link

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