Hyperliquid founder Jeff Yan reviewed his experiences before creating Hyperliquid in an interview. He once ran a large anonymous trading team, Chameleon Trading, and used $10k to achieve significant growth. Due to dissatisfaction with the state of the crypto industry and the FTX event, Jeff decided to shut down Chameleon Trading and focus on building the decentralized exchange Hyperliquid.

Gate News message, on April 13, according to Onchain Lens monitoring, FTX/Alameda will unstake 198,426 SOL, worth $16.21 million.

FTX/Alameda sold 6.94 million DRIFT tokens through Wintermute, raising about $320k. This liquidation took place after the Drift Protocol suffered a $285 million hack. The 8.33 million DRIFT tokens Alameda received from early investments have since seen their current value drop sharply, with the initial investment value falling significantly.

Former FTX engineer Nishad Singh agreed to pay a $3.7 million penalty to the CFTC to resolve its regulatory issues stemming from the FTX collapse. This case highlights the growing accountability that regulators are demanding from the digital asset industry, as well as the importance of internal industry cooperation in reducing legal risk. Singh’s cooperation demonstrates the impact that transparency and compliance can have on the industry’s development, reminding executives that they must take legal responsibility seriously as they grow.

The identity of FTX founder Sam Bankman-Fried’s bail guarantors has been made public. It includes former dean of Stanford Law School Larry Kramer and research scientist Andreas Paepcke, and the total bail amount is $250 million. SBF faces multiple fraud charges, and the case is still pending.

Gate News message. On March 31, according to Ember monitoring, 8 hours ago, 4.126 million ZRO tokens (worth about $8.17 million) were transferred from an FTX/Alameda wallet to Wintermute. After that, the ZRO price fell 6% over the next few hours, dropping from $1.98 to $1.85. The wallet currently still holds 30.75 million ZRO tokens (worth about $58.12 million), or about 10% of ZRO’s current circulating supply.

Crypto analyst Willy Woo analyzes the current market downturn, believing that due to the discounted trading of locked tokens after the FTX bankruptcy and the futures hedging mechanisms, ordinary investors find it difficult to achieve excess returns, leading to poor performance of altcoins. He recommends focusing on core assets like Bitcoin.

Crypto analyst Willy Woo指出，当前市场情绪低迷主要由于FTX破产后锁仓代币折价交易及期货对冲机制的影响。这导致普通投资者难以获得超额收益，建议关注比特币等核心资产。

US prosecutors questioned the authenticity of an appeal letter sent by FTX founder SBF from prison, pointing out that its mailing address does not match the prison facility and violates relevant regulations. Although prosecutors did not directly accuse SBF of forgery, the inconsistencies in the letter have undermined the credibility of his request for a new trial. SBF was sentenced to 25 years for fraud and is seeking a retrial.