Sam Bankman-Fried’s trading unit Alameda Research has sold millions of dollars worth of several Ethereum-based tokens as the firm’s founders face criminal charges related to the collapse of both Alameda and FTX.

MicroStrategy’s executive chairman Michael Saylor has shared that the business intelligence firm plans to release Bitcoin Lightning Network-powered software and solutions next year. Its solutions could include cybersecurity aimed at corporate websites.

Binance CEO Changpeng Zhao has said he is “reasonably sure” there were “wide spread API key leaks” from trading bot platform 3Commas after fresh speculation about the incident emerged on social media.

Top stories in the Crypto Roundup today:

• Alameda Research Liquidates Millions in Tokens Amid Criminal Charges
• MicroStrategy to Offer Bitcoin Lightning Network Solutions
• Binance CEO Warns About ‘Wide Spread API Key Leaks’ From 3Commas

Alameda Research Liquidates Millions in Tokens Amid Criminal Charges

Sam Bankman-Fried’s trading unit Alameda Research has sold millions of dollars worth of several Ethereum-based tokens as the firm’s founders face criminal charges related to the collapse of both Alameda and FTX.

Blockchain data provided by cryptocurrency research firm Arkham Intelligence suggests some $1.7 million were sold on the open market from Alameda-linked wallets on Wednesday. Data shows sold tokens include USDC, DAI, Curve’s CRV, ETH, and Convex’s CVX.

These tokens were consolidated form several wallets into two, before being sold for USDT, which were then converted into BTC using swapping services like FixedFloat and ChangeNow.

Arkham Intelligence data suggests that Alameda Research still holds over $112 million worth of various cryptocurrencies, down from $140 million held in mid-November.

MicroStrategy to Offer Bitcoin Lightning Network Solutions

MicroStrategy’s executive chairman Michael Saylor has shared that the business intelligence firm plans to release Bitcoin Lightning Network-powered software and solutions next year. Its solutions could include cybersecurity aimed at corporate websites.

The Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain that allows users to perform transactions outside of the blockchain. This helps to increase payment processing speed and reduce transaction fees.

MicroStrategy is well-known for its significant Bitcoin holdings and has been seeking to hire software engineer to develop a software-as-a-service platform based on the Lightning Network as it expands its focus on the Lightning Network.

Saylor suggested that Chief Marketing Officers could, for example, use the Lightning Network to incentivize customers by offering satoshi rewards for actions such as posting positive reviews or completing surveys.

Binance CEO Warns About ‘Wide Spread API Key Leaks’ From 3Commas

Binance CEO Changpeng Zhao has said that he is “reasonably sure” there were “wide spread API key leaks” from trading bot platform 3Commas after fresh speculation about the incident emerged on social media.

A spokesperson for 3Commas confirmed the leak in a statement, asking users who “ever put an API key in 3Commas (from any exchange), [to] please disable it immediately." An investigation conducted by 3Commas and the now-collapsed FTX exchange in October revealed that API keys had been used to conduct unauthorized trades for DMG trading pairs.

At the time, 3Commas said that the API keys weren’t taken from the company and had probably been obtained from a third-party phishing attack or hack. On Wednesday, the firm confirmed the leak was real.

In a statement, a spokesperson for the trading bot platform said:

"As an immediate action, we have asked that Binance, Kucoin and other supported exchanges revoke all of the keys that were connected to 3Commas. We are sorry that this has gotten so far and will continue to be transparent in our communications around the situation."

The company added only a small number of technical employees had access to the infrastructure and action to remove access has been taken.

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