Blockchain data shows Synthetix founder Kain unlocked $6.5M from the protocol's treasury, sending $86K to former treasurer SynthaMan who lost everything in last weekend's crash. SynthaMan also received ~$112K in community donations. Synthetix's Treasury still holds $39.4M.
Blockchain data cited by EmberCN suggests Synthetix founder Kain unlocked $6.5 million from the protocol treasury and sent $86,000 to former treasurer SynthaMan after a liquidation event, raising questions over treasury transparency and governance.
On-chain investigator EmberCN said Synthetix founder Kain appeared to unlock $6.5 million from the protocol treasury and send $86,000 to former treasurer SynthaMan after a weekend market crash triggered liquidation concerns.
Synthetix founder Kain unlocked $6.5M from the protocol treasury after market crash, sending $86K to ex-treasurer SynthaMan who lost all SNX in liquidation. Treasury holds $39.4M; TVL down 76% from March.
Blockchain researcher EmberCN said Synthetix founder Kain appeared to unlock $6.5 million from the protocol treasury and send $86,000 to former treasurer SynthaMan, who said he was liquidated during the recent crypto market crash.
Morgan Stanley Investment Management has introduced a money market fund tailored for stablecoin issuers, aiming to meet reserve requirements under the GENIUS Act with capital preservation, daily liquidity, and a stable $1 NAV.
Morgan Stanley Investment Management has launched MSNXX, a money market fund designed for stablecoin issuers seeking compliant reserve management under the GENIUS Act, focusing on capital preservation, daily liquidity, and a stable $1 NAV.
Morgan Stanley Investment Management has introduced the Stablecoin Reserves Portfolio, a money market fund designed to help stablecoin issuers meet reserve requirements under the GENIUS Act through cash, short-term Treasuries, and overnight repos.
