The former CEO of Systematic Alpha Management faces up to five years in prison for his role in a fraudulent scheme tied to crypto futures contracts. Source: https://cointelegraph.com/news/doj-charge-ceo-cherry-picking-scheme-crypto-futures-fraud

WOO Network said it had agreed to repurchase all the tokens and equity previously held by collapsed hedge fund Three Arrows Capital. Source: https://cointelegraph.com/news/crypto-exchange-woo-network-3ac-share-token-repurchase-teneo

The exploiter of the Web3 social media platform agreed to keep a 10% bounty in exchange for returning the remainder of the stolen funds. Source: https://cointelegraph.com/news/stars-arena-recovers-stolen-funds-after-offering-bounty-exploit

A congressional committee has recommended that Changpeng Zhao and three local Binance executives be indicted for fraud and other financial crimes. Source: https://cointelegraph.com/news/brazilian-congress-urges-binance-ceo-cz-indictment

A report from the Bitcoin-only exchange River suggests increased Lightning usage will play a key role in Bitcoin becoming a better medium of exchange. Source: https://cointelegraph.com/news/bitcoin-lightning-network-growth-surges-over-two-years

The firm has implemented additional security measures following an investigation that found “only a few” 3Commas user accounts were compromised. Source: https://cointelegraph.com/news/3commas-on-alert-user-accounts-hacked

David Schwartz stated that the changes could be implemented in as little as two weeks if a majority supports the amendment. Source: https://cointelegraph.com/news/ripple-cto-seeks-community-consensus-for-xrpl-amm-feature-adoption

Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange. Source: https://cointelegraph.com/news/stars-arena-secures-funds-to-plug-exploit

Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance’s market share shrinks. Source: https://cointelegraph.com/magazine/sbf-trial-underway-mashinsky-trial-set-binances-market-share-shrinks-hodlers-digest-oct-1-7/

The trial of former FTX CEO Sam Bankman-Fried started on October 3. Four witnesses explained to jurors how $8 billion in funds from customers went missing. Source: https://cointelegraph.com/news/sam-bankman-fried-ftx-goes-on-trial-week-review