Saylor gets sued, FBI warns about DeFi exploits, and drops $495M sponsorship: Hodler’s Digest, Aug. 28

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week


DC Attorney General sues Michael Saylor and MicroStrategy for tax evasion

MicroStrategy co-founder Michael Saylor faces charges of evading United States income taxes he allegedly incurred while living in Washington, DC. The office of the region’s attorney general, Karl Racine, has sued Saylor and MicroStrategy on claims that the firm helped Saylor evade over $25 million in DC income tax. The charges, stemming in part from an amendment to DC’s False Claims Act encouraging whistleblowers to report tax evasion, mean Saylor could see $75 million in penalties. backs out of $495M sponsorship deal with UEFA Champions League: Report has decided not to go through with a $495 million sponsorship agreement in response to possible regulatory issues. The sponsorship deal with the Union of European Football Associations (UEFA) would have seen advertised in the UEFA Champions League for five seasons. The crypto exchange was reportedly in sponsorship talks after the Champions League removed Gazprom, an energy company owned by the Russian state, as a sponsor. already has several high-profile advertising efforts under its belt, such as a commercial starring American actor Matt Damon.



Indonesia plans to set up its crypto bourse by the end of 2022

Indonesia could have a crypto bourse, also known as a crypto exchange, constructed by its government before 2023 arrives. Initially unveiled in late 2021, the crypto bourse’s completion has taken longer than expected, but the government aims to get things right instead of rushing a launch. “We will make sure that every requirement, procedure and the necessary steps have been taken,” Jerry Sambuaga, Indonesia’s deputy trade minister, told…


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