FTX Employees Knew About the Backdoor to Alameda Months Before Collapse: WSJ
The employees flagged their discovery to one of FTX’s director of engineering Nishad Singh but the sorun never got fixed.
Financial
Crypto Fundraising Hits 3-Year Low as Firms Struggle to Raise Capital: Messari
The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020
Unpacking the First Day of Sam Bankman-Fried’s Actual Trial
Two witnesses testified how FTX seemed safe – and really wasn’t, backing the Department of Justice’s opening argument.
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could potentially be used to hisse back creditors of FTX.
Dutch Crypto Companies Score Legal Win in Fight Against $2.3M Supervision Bill
The Dutch central bank shouldn’t have made Binance successor Coinmerce and others hisse for their money laundering registration, a Rotterdam court said
Bitcoin Holds Steady at $27.6K; Why Are XRP, AVAX Prices Pumping?
Ether fell 0.5%, Solana’s SOL fell 1.4%, while Cardano’s ADA and BNB Chain’s BNB traded flat.
Prediction Market ‘Zeitgeist’ to Use CoinDesk Indices for Broad Crypto Bets
Traders will be able to bet on the performance of a basket of DeFi tokens, or of a group of smart contract platforms’ native currencies.
Singapore Police Responding to Su Zhu’s Arrest Says It Has Detained 36-Year Old Man: Reuters
Police, however, did not reveal the name or provide further comment to Reuters.
Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
Crypto analysts forecast low volatility and consolidation for the month.
Hong Kong Stock Exchange Launches Blockchain-Based Settlement Platform
HKEX says the system, used by traders in Hong Kong to buy stocks in China, will speed up settlement and provide greater transparency.