FTX Sues Bybit to Claw Back $953M in ‘Misappropriated Funds’
The FTX estate says the funds were “preferentially” or “fraudulently” transferred to Bybit and affiliates in the lead-up to its November 2022, bankruptcy filing.
Ex-Polygon Veteran Wyatt Joins Optimism Foundation Unit in Growth Role
Wyatt, who previously served as president at Polygon Labs and had a stint at YouTube, joins as chief growth officer, where he will be in charge of helping developers build across Optimism’s ecosystem of blockchains.
Ethereum Wallet Drainer Steals $60M in Six Months
Hackers that stole more than $60 million worth of crypto in six months are using a piece of code to bypass security alerts after maliciously gaining access to a private key.
We’ve Seen the FTX Collapse Before
Jon Corzine and Sam Bankman-Fried were both politically-connected business leads who lost over $1 billion in customer funds, though their different outcomes shows that regulation does not always achieve what is promised. (Wikimedia Commons/CoinDesk)
Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack
Raft’s R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.
Can Everyday Traders Trust DeFi’s Automated Market Makers?
bots robots (Shutterstock)
Getting Ready for Bitcoin’s Catalysts
How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.
CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?
(Danny Nelson/CoinDesk)
Solana’s SOL Rallies 20% in a Day, Erasing Woes of Past 18 Months
Solana price (CoinDesk)
Liquidity Trends Suggest ‘Uptober’ Could Be the Start of a New Crypto Bull Run
Stronger interest from institutional investors and a market with relatively few sellers could mean we’ve entered a new phase of the market, say FalconX’s Vivek Chauhan and David Lawant.