25 Things That Happened in Crypto

  1. Tornado Cash developers Roman Storm and Roman Semenov are accused of money laundering and sanctions violations. Storm has been arrested by the Department of Justice. Over $1 billion in transactions were allegedly conducted through their mixing service, which aims to hide the identities behind crypto transactions.

2. FTX Founder Sam Bankman-Fried points fingers at Fenwick & West Lawyers for defense, maintains not guilty plea to recent charges. Bankman-Fried cites “good faith” in actions, including loaning funds, using auto-delete Signal messages, and setting up North American entities based on legal counsel from Fenwick & West.

3. FTX bankruptcy costs $1.5 million daily, causing concern among creditors as the process prolongs.

4. FTX enlists Galaxy to manage crypto assets, with a focus on selling, staking, and hedging large sums while ensuring creditor returns.

5. Unstoppable Domains launches decentralized messaging with XMTP.

6. Quantstamp, a blockchain security firm, collaborates with University of Toronto researchers to develop a service to counter flash loan attacks.

7. Hacked crypto exchange Cypher plans public token sale.

8. Bitstamp ends ETH staking for U.S. users on September 25, following the halt of trading for seven altcoins.

9. Twitter user meUP_meQuit falls victim to a $900k Google Crypto Celer ad scam.

10. Cardano (ADA) creator Charles Hoskinson clarifies that the US SEC isn’t pursuing action against the project.

11. The FBI reveals a list of bitcoin wallets controlling approximately 1580 bitcoins ($40 million), linked to exploits pursued by the Lazarus Group.

12. Central African Republic explores the idea of tokenizing its natural resources.

13. Singapore’s biggest bank DBS introduces a metaverse concept to tackle food waste.

14. Germany plans to double public funding for AI research to nearly one billion euros in two years, signaling increased AI investments.

15. Nvidia’s shares surge by nearly 10% in after-hours trading due to high demand for AI chips. Q2 earnings of $13.5 billion surpass Wall Street estimates by over $2 billion, marking an 88% increase from Q1.

16. Alchemy hires former Stripe executive as the new Head of Engineering.

17. Kresus introduces a curated marketplace for Polygon projects.

18. Former New Jersey Department of Corrections lieutenant John A. DeSalvo charged by SEC for orchestrating a crypto scam targeting police officers and first responders. Allegedly raised $623,388 from 222 investors through Blazar token sales, promising high returns.

19. 18-year-old Arion Kurtaj from Oxford found guilty of participating in a cyber-crime gang that targeted major tech firms including Uber, Nvidia, and Rockstar Games.

20. Former Alameda Research engineer Aditya Baradwaj accuses ex-boss Sam Bankman-Fried of taking his life savings. Baradwaj recounts troubling experiences at Alameda Research, revealing close ties between FTX and Alameda Research.

21. Crypto traders Mike Alfred and Peter Brandt accuse Binance CEO of manipulating Bitcoin to support BNB.

22. Mahomes partners with Azuki. Azuki’s CoinGecko floor price drops by 79% in two months, despite Mahomes’ success.

23. DeFi Total Value Locked (TVL) hits its lowest level since February 2021.

24. A bitcoin mine in Pennsylvania, Stronghold Digital Mining, seeks to use scrap tires as a fuel source for its operations, despite facing air quality violations.

25. Shopify embraces USDC payments through Solana.