Web3 Weekly Digest — top 3 important news

💰CZ Binance is under scrutiny
CZ and Binance faced charges for not having effective anti-money laundering programs and violating U.S. economic sanctions. In the settlement, Binance agreed to give up $2.5 billion and pay a $1.8 billion fine. Also, CZ stepped down as CEO of Binance.

🤯Blast is the blast
New Ethereum L2 Blast has raised $20M in a funding round & also has surpassed over $120M in TVL after launch.

However, the project is criticized for using Ponzi-like schemes with its rewards for inviting new people.

🤬KyberSwap DEX is hacked
On November 23, KyberSwap, a multi-chain DEX aggregator, suffered a smart contract reentrancy attack, resulting in around $47 million in losses across various networks and a 90% decline in Total Value Locked

Now KyberSwap offers a 10% bounty to the hacker for discovering exploit.