Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

March 5 — OpenAI has tapped law firms Cooley and Wachtell to prepare for its IPO, per The Information.

March 5: Anthropic’s CEO has resumed negotiations with the U.S. Department of Defense (DoD) over an AI agreement, per the Financial Times. The executive is meeting with Deputy Defense Secretary Hoxie to seek a compromise on the military deployment of Anthropic’s technology.

March 5th: A wallet linked to X user @sillytuna was drained in a flash loan attack, resulting in a ~$24 million loss in aEthUSDC, per PeckShield monitoring. Roughly 20 million DAI is currently held in two attacker-controlled intermediary wallets and has not yet been laundered. The attacker has also begun bridging small amounts to Arbitrum. @sillytuna has launched a bounty, offering a 10% reward for the recovery of the stolen funds.

On March 5, Solana-based lending protocol Loopscale announced that liquidity provider (LP) tokens from Orca and Raydium are now eligible as collateral for borrowing. Unlike centralized lending pool models, Loopscale’s order book architecture prices each position based on its unique conditions. This credit market infrastructure is set to unlock over $1 billion in yield liquidity. The system independently assesses and prices each LP token using multiple variables—including price ranges, fee tiers, and underlying assets.

On March 5, Phantom Wallet announced via official sources that it has added two international ETF perpetual contract markets: the South Korea iShares MSCI ETF (EWY) and the Japan iShares MSCI ETF (EWJ). The platform supports up to 20x leverage for both long and short trades.

**March 5th Crypto Alert** Per data from Ashes Monitoring, the account holding the largest ETH long position on Hyperliquid added to its BTC long two days ago (March 3rd) at an average entry of $68,178, boosting its total BTC position to $47.41M. The BTC holding now has an unrealized gain of $3.1M. The account also holds a 120k ETH long position with an unrealized gain of $16.2M, pushing its **aggregate unrealized gains across all positions to $19.3M**. ### Notes on American English adaptation: 1. **Conciseness**: Used "Alert" (common for crypto news alerts), "M" (abbreviation for "million" widely used in U.S. finance), and simplified phrases (e.g., "two days ago" instead of "the day before yesterday" for clarity). 2. **Flow**: Structured to lead with key action (account + position update) before supporting details, matching U.S. media’s preference for "who-what-when-where" brevity. 3. **Precision**: Added "(March 3rd)" to avoid ambiguity (critical for time-sensitive crypt