📢-Hour Update: The News You Can’t Afford to Miss… [May 16th]

- Coinbase may face $400M in losses from a cyberattack – The Guardian

- DOJ proceeds with charges against Tornado Cash co-founder for laundering & sanctions – Decrypt

- FTX to begin $5B user repayments from May 30

- Trump-backed WLFI approves $USD1 airdrop to eligible holders

- BlackRock to bring $3B BUIDL fund on-chain via Securitize & Euler on Avalanche

- Bitcoin spot ETFs see $115M inflows; Ethereum ETFs post $39.78M outflows on May 15

- Abu Dhabi’s Mubadala ups Bitcoin exposure to $408.5M via BlackRock’s IBIT ETF