FTX Could Have Lost Over $1B Due to Lax Security Practices: Report
Attackers were able to steal nearly $400 million worth of various tokens after FTX was hacked in November 2022. But it could have been worse.
Financial
Bitcoin, Ether Options Order Books Signal Calm Amid Mounting Risks
The bid-ask ratio in bitcoin and ether options markets leans below one, signaling a bias for volatility selling, one observer said.
Bitcoin Hovers Over $27.5K, Crypto Bulls Face $100M Liquidations as Altcoins Drop
The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.
Real-World Asset Loan Worth $20M Sours on DeFi Platform Goldfinch, Bringing RWA Lending Under Scrutiny
The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.
What to Expect When Caroline Ellison Takes Stand in Sam Bankman-Fried’s Trial
The former Alameda CEO will “tell you about how she and the defendant stole money customers entrusted to FTX,” a prosecutor said. Defense’s cross-examination may get personal.
Blocknative Reduces Headcount by Third, After Suspending Work on Relay Project
The company discloses a restructuring in the wake of its decision to exit services related to MEV-Boost Relay, a type of software used by Ethereum network validators.
Crypto Traders Suffer Over $100M in Liquidation Losses as Market Rout Deepens Amid Middle East Turmoil
Ether (ETH) dropped near 4% Monday, while some altcoins endured even greater declines before reverting as rising geopolitical turmoil weighed on crypto markets.
Israel War Prompts Crypto Firms Including Fireblocks, MarketAcross to Start Aid Fund
The organization will host a multi-signature wallet to collect donations in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC.
Italy’s Cipollone Defends Digital Euro as He Seeks ECB Role
Remarks at a parliamentary hearing suggest no digital currency swerve when Fabio Panetta steps down from his role at the European Central Bank in November.
Bitstamp Courts European Banks as Region’s Incoming Crypto Rules Boost Confidence
The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.