Backdoor is an independent investigative publication. Our beat: money, its infrastructure and those who control it. Banks, stablecoin issuers, platforms, regulators, states: we follow those who hold money, those who move it and those who divert it.
Why Backdoor
Financial information has never been so abundant. Nor has it ever been so often produced by the very people it is about: press releases, partnership announcements, assets under management that nobody checks, sponsored op-eds. In crypto as in more traditional finance, the gap between what is announced and what actually happens has become a story in itself.
Backdoor exists to work in that gap. Our name describes our method: coming in through the side door, that of licensing files, audit reports, court filings, registers and sources willing to talk, rather than through the front door of press conferences.
What we publish
Every week, an investigation or an in-depth analysis you will not read anywhere else. Investigations reveal what was not public. Analyses explain what official announcements leave out. In both cases, we start from documents and cross-checked sources, and every article opens with its key findings.
Op-eds from experts complete the picture: practitioners from banking, law, cybersecurity or asset management defending a reasoned position under their own name.
We do not cover the news flow. Excellent publications already do that. We would rather publish less, and publish what nobody else has. All our content is published in French and English.
Our rules
- Independence. Backdoor is funded by its subscribers. No sponsored content, no paid articles, no editorial partnerships with the companies we write about.
- Method. Every published fact rests on documents or cross-checked sources. People who are named are contacted before publication, and their response is published.
- Source protection. The identity of our sources is never disclosed. We offer encrypted channels to share information with us.
- Transparency. Errors are corrected, and corrections are flagged at the top of the article.
- No advice. Backdoor is a news publication. Nothing we publish constitutes investment advice.
The founder
Backdoor was founded by Grégory Raymond, a journalist trained in the business and financial press. In 2022 he co-founded The Big Whale, a publication dedicated to digital assets and written for professionals in banking, asset management and fintech. He was its president and editorial director until September 2026.
He is the author of Bitcoin & Cryptos, L’enjeu du siècle (Talent Éditions, 2025), built around fifteen interviews with executives, investors and entrepreneurs from the sector, and regularly appears on BFM Crypto.
Contact us
For any question, a response to an investigation or an op-ed proposal: contact@backdoor.news. To share information or documents securely, see our Share information page.