DoJ is said to probe founders of solana stablecoin exchange Saber Labs

The U.S. Department of Justice is scrutinizing Ian Macalinao and Dylan Macalinao, the two brothers who founded solana ( SOL-USD ) stablecoin exchange Saber Labs, CoinDesk reported Wednesday, citing two people with knowledge on the matter. The DoJ is seeking clarity on various cryptocurrency-related projects tied to Saber, one of the people noted, including Sunny Aggregator, a decentralized finance (DeFi) yield-farming app, and Cashio, a stablecoin project that was said to have lost millions of dollars due to a hack that took hold in March 2022. Meanwhile, Saber is still operating and currently handles $4.34M in trading volume over the last 24 hours, according to its website. Total value locked, a gauge for the total value of all assets deposited into DeFi protocols, was $26.82M. Elsewhere in DeFi, the U.S. Commodity Futures Trading Commission recently filed a lawsuit against Mango Markets exploiter Avraham Eisenberg for alleged price manipulation .