Analysis
Hacks
Stars Arena secures funding to plug $3M shortfall following exploit, will reopen after security audit
The platform has also engaged a white hat team to conduct a security assessment to ensure there are no vulnerabilities in the code.
Exchanges
US considering application of Electronic Fund Transfer Act to crypto accounts
The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX.
Staking
Vitalik Buterin proposes two-tier model to address ‘centralization challenges’ in Ethereum staking
The primary concern addressed in Buterin's proposal revolves around the limitations of the current staking system.
Hacks
Huobi hacker returns 4997 ETH stolen via hot wallet breach, receives $400k bounty
The breach occurred on Sept. 25, with the hacker stealing a total of 4,997 Ether (ETH) — valued at approximately $8 million as of press time.
Legal
First week of SBF’s trial paints a grim picture for the former billionaire
The first week of the SBF trial has not gone very well for the former billionaire as former colleagues and friends have become key witnesses against him.
Legal
SBF Trial Day 3 – Former FTX CTO claims SBF granted Alameda Research ‘special privileges’ during witness testimony
Day three of the SBF trial entailed further witness testimony from people closely involved with SBF and FTX.
Crime
FTX exploiter converts another $25M worth of ETH to BTC, total up to $100M
The transactions occurred with a gap of roughly eight hours, with the tokens converted to BTC through THORChain Router — a bridge protocol to Bitcoin.
Legal
SBF Trial Day 2 – Prosecution’s opening statement paints SBF as a fraud mastermind, Defense claims complete innocence
With jury selection complete, the second day of SBF's trial encompassed both sides' opening statements and testimony from two witnesses.
Legal
SBF Trial: Day 1 concludes without a final jury selected
The first day of the SBF trial concluded with several potential jury members being dismissed and the selection process is expected to continue for another day before the trial begins in full.
Legal
Judge rejects SEC’s request to appeal Ripple decision
The ruling sets the stage for a final courtroom showdown between Ripple and the regulator in April 2024.
Legal
SBF Trial: The Trial of Sam Bankman-Fried Begins – Key Points to Understand
Once an industry poster boy, Sam Bankman-Fried is accused by government prosecutors of orchestrating one of the biggest scams in modern history.
Legal
SEC files charges against former FTX auditor Prager Metis over independence violations
The violations reportedly spanned from December 2017 to October 2020.