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Cryptocurrencies: 30006
Markets: 116742
Market Cap: $2,632,503,488,061     
24h Vol: $89,828,158,228
Seeking Alpha 2023-01-11 22:58:49

DoJ is said to probe founders of solana stablecoin exchange Saber Labs

DoJ is said to probe founders of solana stablecoin exchange Saber Labs
The U.S. Department of Justice is scrutinizing Ian Macalinao and Dylan Macalinao, the two brothers who founded solana ( SOL-USD ) stablecoin exchange Saber Labs, CoinDesk reported Wednesday, citing two people with knowledge on the matter. The DoJ is seeking clarity on various cryptocurrency-related projects tied to Saber, one of the people noted, including Sunny Aggregator, a decentralized finance (DeFi) yield-farming app, and Cashio, a stablecoin project that was said to have lost millions of dollars due to a hack that took hold in March 2022. Meanwhile, Saber is still operating and currently handles $4.34M in trading volume over the last 24 hours, according to its website. Total value locked, a gauge for the total value of all assets deposited into DeFi protocols, was $26.82M. Elsewhere in DeFi, the U.S. Commodity Futures Trading Commission recently filed a lawsuit against Mango Markets exploiter Avraham Eisenberg for alleged price manipulation .
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