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Evening wrap · October 9, 2026

SEC Charges Former Linqto Execs Over $430M Pre-IPO Sales

Federal regulators charged former Linqto executives over private equity sales, while authorities indicted two men for allegedly running a $430 million darknet market.

  1. 1

    SEC Charges Former Linqto Execs Over Pre-IPO Sales

    The SEC charged former Linqto executives William Sarris and Joseph Endoso on Oct. 9, 2026, over pre-IPO investment offerings, according to the agency [4]. Regulators allege they deceived retail investors and sold $430 million in unregistered securities [4].

  2. 2

    Prosecutors Indict Alleged Empire Market Operators

    Federal prosecutors indicted Thomas Pavey and Raheim Hamilton for allegedly managing the $430 million Empire Market between 2018 and 2020, according to the indictment [1]. Investigators seized roughly $75 million in cryptocurrency and other assets [1].

  3. 3

    Ethereum Glamsterdam Upgrade Reaches Sepolia Testnet

    The Glamsterdam upgrade successfully activated on the Sepolia testnet on Oct. 6, introducing a block gas limit schedule targeting 200 million [2]. The update integrates proposer-builder separation directly into $ETH consensus rules [2].

  4. 4

    Violent Physical Crypto Thefts Top $30 Million in 2026

    Violent crypto thefts yielded over $30 million in the first half of 2026, according to Chainalysis [3]. A leaked French tax dossier fueled over 70 incidents in France, prompting authorities to indict 88 suspects [3].

Numbers

$BTC stands at $82,432, total market cap sits at $2.73 trillion, and KAIA leads top gainers with a 45.3% surge.

Watch

US District Court for the Northern District of California proceedings and initial responses from counsel representing Sarris and Endoso. · Ethereum Foundation announcements regarding the mainnet activation date for the Glamsterdam upgrade.

Full text

Federal regulators charged former Linqto executives over private equity sales, while authorities indicted two men for allegedly running a $430 million darknet market.

  1. SEC Charges Former Linqto Execs Over Pre-IPO Sales The SEC charged former Linqto executives William Sarris and Joseph Endoso on Oct. 9, 2026, over pre-IPO investment offerings, according to the agency. Regulators allege they deceived retail investors and sold $430 million in unregistered securities.

  2. Prosecutors Indict Alleged Empire Market Operators Federal prosecutors indicted Thomas Pavey and Raheim Hamilton for allegedly managing the $430 million Empire Market between 2018 and 2020, according to the indictment. Investigators seized roughly $75 million in cryptocurrency and other assets.

  3. Ethereum Glamsterdam Upgrade Reaches Sepolia Testnet The Glamsterdam upgrade successfully activated on the Sepolia testnet on Oct. 6, introducing a block gas limit schedule targeting 200 million. The update integrates proposer-builder separation directly into $ETH consensus rules.

  4. Violent Physical Crypto Thefts Top $30 Million in 2026 Violent crypto thefts yielded over $30 million in the first half of 2026, according to Chainalysis. A leaked French tax dossier fueled over 70 incidents in France, prompting authorities to indict 88 suspects.

Numbers $BTC stands at $82,432, total market cap sits at $2.73 trillion, and KAIA leads top gainers with a 45.3% surge.

Watch

  • US District Court for the Northern District of California proceedings and initial responses from counsel representing Sarris and Endoso.
  • Ethereum Foundation announcements regarding the mainnet activation date for the Glamsterdam upgrade.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.