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Protego Trust Bank targets $2 billion valuation after quietly raising $70 million

Protego Trust Bank, a chartered crypto bank advised by Brian Brooks, raised $70 million from a host of crypto heavyweights last year and is now in the early stages of another funding round that would value the company at nearly $2 billion. Investors in the $70 million Series A fundraise — which closed quietly in 2021 — included the investment arms of FTX, Coinbase, Algorand, Avalanche, Cardano, Ripple and Solana, as well as Digital Currency Group, NYCA Partners and Reciprocal …

Aptos CEO faces billion dollar lawsuit by Glazer family member over equity

The co-founder and CEO of Aptos Labs, the Layer 1 blockchain startup founded by former Diem employees, faces a lawsuit from an early investor alleging she was cheated out of her fair share of equity.  Shari Glazer and her firm Swoon Capital are seeking up to $1 billion from Matonee, also known as Aptos Labs, according to a complaint filed with the Supreme Court of the State of New York in March.   Aptos Labs was founded by former Meta …