Coin circle news focus:

  • Follow-up to FTX’s bankruptcy! Former executive reveals: SBF knows what it is doing!

  • Friend.Tech user lost over $385,000 in Ethereum due to SIM swapping attack

  • Cryptocurrency fundraising hits three-year low, Q3 fundraising falls to $2.1 billion

The currency circle boss said this:

  • Pompliano: "The irrationality of the ever-expanding U.S. national debt!"

Critical hit chance this week:

  • Brother Nao x Mr.P "Coin Crazy Hong Kong" Project | Limited Time Benefits 🌊

Prices of Bitcoin and other cryptocurrencies | CoinGecko Top 100 Cryptocurrencies (2023.10.05 AM 08:00 ~ 2023.10.06 AM 08:0

Coin News Focus

Follow-up to FTX’s bankruptcy! Former executive reveals: SBF knows what it is doing!

Former FTX sales director Zane Tackett participated in the foreign media The Block’s show this week and expressed his skepticism about FTX founder Sam Bankman-Fried (referred to as SBF) who claimed that he did not know the risks faced by the exchange at the time. SBF is currently in a criminal trial and has pleaded not guilty to charges of securities fraud and premeditated money laundering. The core key of this case is whether SBF illegally misappropriated customer funds, or whether serious mismanagement led to operational collapse.

Zane Tackett explained: “SBF will act like he doesn’t understand, but he will also try to swamp the jury with jargon. I think he will argue that FTX clearly allows spot margin borrowing, and that the cooperating market maker Alameda Obtain funds by pledging a large amount of spot." Zane Tackett said that SBF will try its best to ignore the risks of its native token FTT and other collateral tokens, and blame the entire operational collapse on the "imperfect margin system", but this actually means SBF always knew what he was doing.

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Friend.Tech user lost over $385,000 in Ethereum due to SIM swapping attack

Recent foreign media reports indicate that Friend.Tech users appear to have begun to suffer targeted SIM card swap attacks by hackers. This week, more Friend.Tech users claimed that they were victims of such attacks, with an estimated US$385,000 worth of Ethereum was lost as a result.

SIM card swapping attacks are a common criminal method. Criminal groups deceive telecommunications service providers and connect the victim's phone number to the SIM card held by the hacker. The hacker can then steal the victim's identity and commit fraud. . It is worth noting that Friend.Tech's code itself has not been exploited, so users are not at direct risk. Friend.Tech developers have taken steps to reduce attack vectors and allow users to change their login methods.

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Cryptocurrency financing hits three-year low, Q3 financing amount falls to $2.1 billion

According to the latest report from blockchain data agency Messari, under the circumstances of the bear market in the cryptocurrency market, fundraising activities in the third quarter of 2023 were hit hard, with the total financing amount being only US$2.1 billion, including 297 transactions. These two figures Both are the lowest levels since the fourth quarter of 2020.

Since its peak in the first quarter of 2022, when nearly $17.5 billion was raised across more than 900 transactions, returns have continued to decline as the crypto industry environment has been affected by macroeconomic conditions and suffered the collapse of the FTX exchange in November. of heavy blows. The amount of financing activities and transaction volume in the cryptocurrency industry were relatively stable in the first and second quarters of 2023, but fell sharply in the third quarter.

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Other currency news

  • The well-known blockchain game Blankos Block Party cooperates with Mythical Games to develop Nitro Nation World Tour (NNWT), a free mobile racing game based on NFT. A collaboration with electronic music creator Deadmau5.
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  • Ledger, a well-known cold wallet brand, announced that it will lay off 12% of its employees amid unfavorable macro market conditions.

Full version of Lian Xi’s birthday report

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