Hello Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Sam Bankman-Fried: 'I'm haunted, every day, by what was lost': Sam Bankman-Fried, co-founder of FTX, expresses remorse for his actions in an email exchange with ABC News after being sentenced to 25 years in prison for fraud and money laundering. Bankman-Fried acknowledges his mistakes and the losses suffered by FTX customers.

2. Wormhole Airdrop and Exchange Listings on Solana: Wormhole, a cross-chain protocol, plans to launch its W governance token with over 400,000 wallets eligible to claim tokens. Following the airdrop, multiple exchanges, including Bitget, OKX, Backpack, and Gate.io, will list the W token for trading.

3. Tether Achieves Gold Standard Audit: Tether completes a System and Organization Controls 2 (SOC) audit, demonstrating the highest level of security compliance. The audit, developed by the AICPA, reaffirms Tether's commitment to providing a secure environment for users.

4. Solareum Telegram Trading Bot Exploit: Solareum, a Telegram trading app for Solana-based tokens, announces closure following a security breach resulting in the loss of over $523,000 worth of SOL from user wallets.

5. 💡Feature of the Day - a16z to Invest in Tech-Fueled Gaming Startups: Andreessen Horowitz (a16z) plans to invest $30 million in technology-centric gaming startups through its early-stage accelerator program, SPEEDRUN. The funding aims to support startups at the intersection of technology and gaming, including AI, VR/AR, and Web3 games.

6. 🫨 What’s Buzzing? - Have you ever earned any airdrops from the rise of altcoins, memecoins, and gaming tokens popularity lately? if not, this is your chance! Read UseTheBitcoin’s latest article “🐾 Nyan Heroes Play-To-Airdrop Guide: Double Your MEOW Points To Earn More NYAN ($NYAN) Tokens” to know more!

   
   All this and more in today’s headlines!

📰 News Highlights:

👻 Sam Bankman-Fried: 'I'm haunted, every day, by what was lost' [Source][Source][Source]

Sam Bankman-Fried, the co-founder of FTX, now facing a 25-year prison sentence for fraud and money laundering, expressed remorse for his actions in an email exchange with ABC News. Following his sentencing and the fallout from FTX's collapse, Bankman-Fried acknowledged his mistakes and expressed empathy for the thousands of customers who suffered losses.

Despite claiming to have always acted in good faith, Bankman-Fried recognized the despair and frustration among former FTX customers, stating that they deserve to be fully compensated. He lamented the delay in repaying debts, insisting that the company had sufficient assets to settle its obligations.

While his defense attempted to portray him as a bad manager rather than a criminal during his trial, the jury ultimately found him guilty. John J. Ray III, FTX's new CEO, criticized Bankman-Fried's lack of remorse, emphasizing the severity of the damage caused to customers.

🌐 Wormhole Airdrop and Exchange Listings on Solana [Source]

Wormhole, a cross-chain protocol, is set to launch its W governance token this week, with over 400,000 wallets eligible to claim tokens. Following the airdrop, multiple cryptocurrency exchanges, including Bitget, OKX, Backpack, and Gate.io, plan to list the W token for trading.

The protocol allocated 617.3 million W tokens for the initial community and ecosystem airdrop, targeting early users across Solana, Ethereum, and other chains. With the potential for a $3 billion market cap at launch, W is poised to become one of the year's most significant token launches.

🔒 Tether Achieves Gold Standard Audit [Source][Source]

Tether has successfully completed a System and Organization Controls 2 (SOC) audit, demonstrating the highest level of security compliance. The audit, developed by the American Institute of Certified Accountants (AICPA), reaffirms Tether's commitment to providing a secure environment for users.

Paolo Ardoino, CEO of Tether, emphasized the importance of security in maintaining customer trust. Tether aims to undergo annual SOC 2 audits to uphold its security standards, with plans to achieve SOC 2 Type II certification by 2025.

Amid Tether's growth, including reaching a $100 billion market cap and expanding into Bitcoin mining, the firm remains focused on security and compliance.

🔒 Solareum Telegram Trading Bot Exploit [Source][Source]

Solareum, a Telegram trading app for Solana-based tokens, announced its closure following a security breach that resulted in the loss of over $523,000 worth of SOL from user wallets. While initially suspected to be linked to BONKbot, Solareum acknowledged the exploit's impact on its systems.

Despite efforts to secure additional funding and fortify security measures, Solareum's integrity was compromised, leading to the decision to shut down.

The team pledged to contact authorities and urged affected users to seek recourse.

💡 Feature of the Day: 

💰 a16z to Invest in Tech-Fueled Gaming Startups [Source][Source]

Andreessen Horowitz (a16z) announced a $30 million investment in technology-centric gaming startups through its early-stage accelerator program, SPEEDRUN. The funding aims to support startups at the intersection of technology and gaming, including AI, VR/AR, and Web3 games.

Andrew Chen, a general partner at a16z, highlighted the opportunities for innovation in the gaming industry, with a focus on supporting ambitious founders.

Despite fierce competition for admission into SPEEDRUN, successful graduates have secured funding and made significant strides in the gaming space.

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🫨 What’s Buzzing?:

🐾 Nyan Heroes Play-To-Airdrop Guide: Double Your MEOW Points To Earn More NYAN ($NYAN) Tokens

🎮 What Is Nyan Heroes?

• Free-to-play hero shooter developed by 9 Lives Interactive.

• Features team-based battles with cat pilots controlling powerful Guardian Mechs.

• Customize mechs, master unique abilities, and continue fighting after mech destruction.

• Currently in early access on the Epic Games Store until April 9th, 2024.

🚀 Play-To-Airdrop Guide

• Earn MEOW points by playing matches during early access testing.

• MEOW points will contribute to airdrop rewards in the future.

• Join by connecting your X or Epic Games account and completing quests or referrals.

• Exchange MEOW points for $NYAN tokens in the future.

To Double Your MEOW Points, read the whole shebang in UseTheBitcoin’s latest article “🐾 Nyan Heroes Play-To-Airdrop Guide: Double Your MEOW Points To Earn More NYAN ($NYAN) Tokens” for more details about $Nyan Play-to-airdrop!

😂 Crypto Meme of the Day: 

And that’s it for this today.

See you all for tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com