This episode is sponsored by Ciphertrace.

"The Hash" team discusses the biggest stories shaping the crypto industry today, including attorneys for Terraform Labs founder Do Kwon proposing that he be let off on supervised bail as he faces charges in Montenegro for attempting to travel with falsified documents. This comes as Marathon Digital Holdings reported a narrower-than-forecast first-quarter loss per share as a rising bitcoin price and increased production helped lift one of the largest publicly traded crypto miners in North America back toward profitability.

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Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at

This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”