A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity

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By BitcoinWiki News

Key Takeaways:

– FTX employees discovered backdoor used by parent company Alameda Research to withdraw customer funds from exchange
– Hong Kong’s financial watchdog and police establish working group to monitor and investigate illegal activities related to virtual asset trading platforms
– Bitfinex Securities partners with Mikro Kapital to explore tokenization and trading of debt securities using USD-backed Tether tokens
– Zeitgeist collaborates with CoinDesk Indices to run prediction markets on crypto sector indices
– IOTA Foundation announces IOTA 2.0, marking the beginning of coordinator removal and welcoming true decentralization
– Bitget’s Managing Director, Gracy Chen, appointed to Forbes Business Council for her expertise in decentralized finance and blockchain innovation.


1. FTX employees discovered a backdoor used by parent company Alameda Research to withdraw customer funds before the exchange’s collapse.

2. The Securities and Futures Commission (SFC) and Hong Kong Police Force (HKPF) established a working group to monitor and investigate illegal activities on virtual asset trading platforms.

3. Bitfinex Securities partnered with Mikro Kapital to explore tokenization and trading of debt securities using Tether tokens.

4. Zeitgeist announced a collaboration with CoinDesk Indices to bring prediction markets for tradeable crypto sectors.

5. The IOTA Foundation introduced IOTA 2.0, a rebuilt and decentralized system that marks the beginning of coordinator removal.

6. Bitget’s Managing Director, Gracy Chen, was appointed to the Forbes Business Council, providing valuable expertise in decentralized finance and blockchain innovation.

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