Here's a condensed version of the major events happening in the crypto world this week:
1. Stars Arena was hacked and 3 million dollars of AVAX was stolen.
2. The hacker who attacked HTX returned the stolen funds and won a reward.
3. Sam Bankman Fried's trial begins; The co-founder of Alameda Research and FTX testified.
4. Ledger laid off 12 percent of its staff for macroeconomic reasons.
5. CMCC Global launches $100 million crypto fund.
6. Binance announced that it will stop BUSD lending until October 25.
7. Brazil will introduce blockchain-based digital identity.
8. Conflux and LayerZero partnered to develop blockchain-based SIM card.
9. Sui Foundation announced a $51.3 million ecosystem fund to expand the DeFi ecosystem.