[Three Arrows Capital Files Subpoena for SBF and Other FTX Executives, Alleging Mismanagement of Significant Funds] Three Arrows Capital has submitted a subpoena to the court, requesting the appearance of FTX founder SBF (Sam Bankman-Fried), former executives Ryne Salame, and Caroline Ellison to testify. It is reported that SBF's statement is scheduled for October 14, 2025. Three Arrows Capital co-founder Zhu Su has accused SBF of illegally liquidating $1.5 billion worth of Three Arrows Capital's positions, while also alleging that Ryne Salame engaged in insider trading and unlawfully cashed out $1 billion.

[Solana Co-Founder Calls for Punishment of Validators Deliberately Delaying Block Slots, Stealing Rewards, and Slowing Down the Network] According to a report by Golden Finance, Solana co-founder Anatoly "Toly" Yakovenko has called for penalties against Solana validators who delay slots, steal rewards, and cause the network to slow down. Yakovenko's call for punishment stems from his frustration with validators using complex delay strategies to extract additional fees and high-value transactions. The deliberate delay of slot times has become so problematic that one validator even created a dashboard to showcase the issue. Since August 5th—Solana Epoch 829—the average slot time has increased by 2.5%. Complaints have arisen, with some saying, "The price of SOL should be rising, not the block time." One observer questioned whether these delays might trigger a scenario similar to the "Intentional Leader Reward Boost (ILRB)" version 2.0. ILRB is a timing strategy used by some validators who intentionally delay block production. Extending slot times beyond Solana's expected 400 milliseconds deliberately increases latency, allowing them to unfairly pack more transactions into their own blocks and thereby earn higher fees or rewards. Yakovenko suggested "defaulting to discarding these blocks for 10 slots" as a punishment for slow but influential validators. He has also repeatedly called for economic penalties for misbehaving validators. Currently, Solana developer platform Anza has proposed a series of measures to consider implementing a slashing mechanism in the network, which would penalize validators by deducting their stake. However, this approach also poses risks to SOL stakers.

Crypto edged higher with bitcoin near $114K and DOGE leading, while a CF Benchmarks model says BTC trades below fair value relative to money supply growth, a pattern that has preceded rallies.

Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.

**[LlamaRisk: Circle and Tether's Bug Bounty Programs Are Far From Sufficient]** According to a report by Jinse Finance, Circle and Tether are facing criticism from DeFi risk management firm LlamaRisk due to their "severely inadequate" bug bounty programs, with maximum rewards not even exceeding $10,000. On September 1, LlamaRisk released a report evaluating the bug bounty programs for crypto assets listed under the Aave V3 protocol. The report found that among the assets supplied by Aave, 33 assets (valued at $19.7 billion) had bug bounty programs deemed "sufficient." However, another 10 assets (valued at $19.2 billion) either lacked bug bounty programs entirely or had programs that were severely insufficient. LlamaRisk pointed out that despite Circle managing $70 billion in assets, its bug bounty program was "severely inadequate," offering only $5,000. Similarly, Tether, which manages $160 billion in assets, had a bug bounty program capped at just $10,000. Other assets with relatively low bug bounty amounts include BitGo's wrapped bitcoin, Gnosis, and Ripple. Meanwhile, Etherfi, Monerium, PayPal, and Agora were flagged as having no active bug bounty programs at all.