DEX in the City: Why the Binance Case Against the WSJ ‘Is Probably Not a Winner’

The crew unpacks the Binance case against the Wall Street Journal. Is the lawsuit just for optics? Plus, why crypto can't turn a blind eye to one Aave user's $50 million loss.

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Get started at nexo.com/unchained Binance has sued the Wall Street Journal for defamation over a report that money has flowed from its platform to the Islamic Revolutionary Guard Corp. 

DEX in the City hosts Katherine Kirkpatrick Bos and Jessi Brooks are joined by Arktouros Partner Jane Khodarkovsky to discuss the sanctions implications of the story, what is at stake in the lawsuit and the burden of proof on Binance. 

Is Binance fighting a losing battle? And could the case backfire amid a parallel DOJ investigation?

Beyond the Binance case, the crew unpacks recent efforts by the CFTC and SEC to provide crypto with regulatory clarity. Find out why KK says the CFTC's recent prediction markets guidance is a “nothingburger” and why a no-action letter to Phantom is not a carte blanche for all crypto frontends.

Plus, is it time for crypto to consider best execution rules as an Aave user loses $50 million in a DeFi swap gone wrong?

Hosts:

• ⁠⁠⁠⁠⁠Jessi Brooks⁠⁠⁠⁠⁠, General Counsel at Ribbit Capital

• ⁠⁠⁠⁠Katherine Kirkpatrick Bos⁠⁠⁠⁠, General Counsel at StarkWare

Guest:

• Jane Khodarkovsky, Sanctions expert

Links:

• Unchained:

• CFTC Moves to Rein In Prediction Markets as Industry Booms

• SEC and CFTC Move Toward Unified Crypto Rules

• Dueling Post-Mortems Reveal How a $50 Million DeFi Swap Went From Bad to Catastrophic

  
  

• Vy Le's paper on on-chain best execution:

• Fairness by Design: Verifiable Execution in On-Chain Markets

  
  

• This week's good news:

• Tech boss uses ChatGPT to create cancer vaccine to save dying dog

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