Alameda Was ‘Business as Usual’ Before Collapse: Ex-Engineer
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.
Finance
DeFi Project Yield Protocol to Wind Down by Year’s End
At its peak in April 2022, Yield Protocol had over $22 million in total value locked, but this figure has since dwindled to around $2 million.
TV’s Kevin O’Leary: ‘All the Crypto Cowboys Are Going to Be Gone Soon’
O’Leary, an entrepreneur and television personality, was paid $15 million by FTX for “20 service hours, 20 social posts, one virtual lunch and 50 autographs,” according to Michael Lewis’ new book “Going Infinite.”
Jump Trading Lost Almost $300M in FTX’s Collapse, Michael Lewis Says in ‘Going Infinite’
This makes the trading giant one of FTX’s top creditors, Lewis wrote, citing documents from the crypto exchange’s former chief operating officer, Constance Wang.
Coinbase’s Desire to End SEC Lawsuit Should Be Rejected, U.S. Regulator Argues
“To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said in a Tuesday court filing.
Blockchain Analytics Firm Chainalysis Cuts 15% of Staff
This is the second round of layoffs by the analytics firm in less than 12 months.
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
Sam Bankman-Fried Scoops Help CoinDesk Win Major Journalism Award
FTX, an industry titan, ended up in bankruptcy court nine days after a November 2022 scoop from CoinDesk’s Ian Allison.
Valkyrie Gets Approval to Start Buying ETH Futures For its Existing Bitcoin ETF
The fund’s new strategy to combine ether and bitcoin will be effective formally on Oct. 3.
Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport
Investors could see outsized gains by buying a diversified portfolio of publicly listed mining companies, the report said.