In an open letter, the firm said earlier offers were misrepresented and it wanted to deal directly.

Bitcoin held steady throughout the Christmas holiday weekend at about $16.9K; most other major cryptos were flat, although tinted more green than red. Also: CoinDesk columnist David Z. Morris considers

DeGods will bridge over to Ethereum while its sister project Y00ts will move to Polygon with a grant from the layer 2’s partnership fund.

The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million.

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The two started negotiations earlier this year and signed an initial agreement in July.

Computing power on the Bitcoin network dropped about 40% over the weekend.

The total value of funds locked on the protocol had dropped to less $93,000 on Dec. 25 from about $13 million, Defi Llama data show.

The FTX fraud, the Three Arrows Capital collapse, bitcoin maximalist rhetoric, centralized blockchains and privacy deniers, haters and destroyers were just a handful of the things that irritated CoinDesk research

Assets will have to comply with current regulations approved this week by the country’s outgoing President Jair Bolsonaro.