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 problem never got fixed.Source
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 2020Source
Sam Bankman-Fried’s Two Multimillion-Dollar Jets May Be Forfeit, DOJ Says
The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.Source
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.Source
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 pay for their money laundering registration, a Rotterdam court saidSource
Dogecoin NFT Community ‘Own The Doge’ Is Installing Kabosu Dog’s Statue in Japan
Kabosu is the actual dog of the meme that inspired popular internet culture and tokens such as Dogecoin.Source
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.Source
Singapore Police Responding to Su Zhu’s Arrest Says It Has Detained 36-Year Old Man: Reuters
Zhu was reportedly arrested last week while trying to leave the country, liquidators said.Source
Bitcoin Edges Higher to $27.7K; AVAX, XRP Jump as Crypto Market Settles
Bitcoin edged higher to $27,700 Wednesday afternoon as crypto markets calmed after Monday’s sharp rally. XRP and AVAX jumped 3% and 7%, respectively.Source
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.Source