This episode is sponsored by Ciphertrace.

"The Hash" hosts discuss the biggest stories shaping the crypto industry today, including hardware wallet provider Ledger delaying the release of a key recovery feature. Meanwhile, Bitcoin-based non-fungible tokens (NFTs) have risen to second place for NFT sales per blockchain, according to Web3 data platform CryptoSlam. Separately, new items on FTX CEO John Ray III's billing report suggest there is work underway for a reboot of the exchange. And, LabDAO, a decentralized autonomous organization focused on open-source drug discovery, has raised $3.6 million in a funding round.

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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 Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”