The Friday Focus: Issue 47

A summary of what happened in the crypto industry during the past week.

Weekly happenings in the crypto industry
(Aug 12th - Aug 19th)

The now well-known Do Kwon is back in the news after doing his first interview since the Terra collapse. However, many have been accusing the firm behind the interview of being biased and even shilling Terra. Not the best comeback?

Talking of collapses, the contagion in the lending space is still making headlines. Genesis CEO Michael Moro is stepping down, and the company cuts 20% of the workforce following major $1.2 billion losses after the Three Arrows Capital collapse. Singapore-based crypto lender Hodlnaut filed for judicial management and also disclosed a massive 80% layoff.

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