First Mover Americas: Bankman-Fried Arrested in Bahamas

CoinDesk reported:

Chainlink’s new “staking” program – where participants can earn crypto rewards for helping to secure the network – was intended to be broad-based: The price-feed provider imposed a limit of 7,000 LINK tokens per wallet to “promote greater inclusion and reduce the risk of a few participants dominating the pool in the early stages,” according to the project team. But blockchain data reveals how one large holder – a “whale” in crypto parlance – was able to get around the limits by creating more than 150 addresses – and then staking the full 7,000 LINK allotment from each of them. The elaborate effort allowed the whale, nicknamed “Oldwhite” by the OpenSea platform, to stake some 1.06 million LINK ($7 million worth).

Read more