Here are some key events in the crypto space from the last weekend of September:
FTX Hacker Moves $38M:
The FTX hacker, accused of stealing from the exchange, moved 22,500 ETH worth $38 million. The movements come ahead of the former FTX CEO's fraud trial and the possible launch of the U.S.'s first Ethereum futures ETFs.
U.S. Government Avoids Shutdown:
The U.S. narrowly avoided a government shutdown after a short-term funding deal was agreed upon by the Senate and House of Representatives. A 45-day bill was signed to give more time for finalizing funding legislation.
CFTC Charges Cryptobravos Scheme:
The CFTC charged four individuals and a company for operating the fraudulent cryptocurrency platform Cryptobravos, which promised risk-free returns to customers but did not engage in actual trading.
Open Exchange Token Plummets:
The Open Exchange token (OX) fell nearly 50% following the arrest of Su Zhu, co-founder of Three Arrows Capital, one of OX's creators. Zhu was arrested by Singaporean authorities while attempting to flee the country.
Other News:
The U.S. Department of Justice plans to summon former FTX clients, investors, and staff as witnesses in the trial involving former FTX CEO Sam Bankman-Fried.
Ethereum co-founder Vitalik Buterin expressed concerns about decentralized autonomous organizations exerting a monopoly over the selection of node operators in liquidity staking pools.