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Friday's legal complaint filed in Delaware targets Bybit Fintech Ltd., its investment arm Mirana and several individuals, including Mirana executive Sean Tan. It alleges the investment unit "received gross transfers from FTX.com of digital assets currently valued at approximately $838 million," of which about $500 million were transferred in the
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A transfer of 6,000 Maker (MKR) tokens, valued at more than $8.4 million, has been moved from the Binance cryptocurrency exchange to an unknown wallet. Crypto whales accumulate MakerDAO On Oct. 15, a transfer of 6,000 Maker tokens — equivalent to $8,486,455 — occurred, according to Whale Alertas. The tokens were
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Ahead of the pivotal ruling nearly 30,000 BTC, worth $822 million at the going market rate of $27,400, were moved to addresses tied to centralized exchanges, according to data tracked by analytics firm Santiment. The ruling led to a 6% surge in bitcoin prices pushing the top cryptocurrency to $28,000. Source
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However, 60 million SAND tokens were transferred out of the multisig Sandbox Genesis smart contract one week ago, according to block explorer Etherscan, a sign the unlock had already begun. Sandbox Discord Ambassador, who goes by the screenname Uncle Grumpy said this was an effort to “not shock” the system. Source
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Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on July 6. According to the knowledge graph protocol 0xScope, three addresses that received at least $63.2 million
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According to the Ordinals Market website, Ethereum-based NFT holders can burn their tokens and inscribe them onto a satoshi on the Bitcoin network. Once inscribed, the tokens will automatically appear on a custom Ordinals Market collection page with complete metadata. Source
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Amid the multiple ongoing investigations, FTX continues to move funds. The addresses, related to the failed crypto exchange, reportedly transferred around $145 million in stablecoins to a range of operating platforms. As Lookonchain spotted on March 14, three wallets, associated with both FTX and its subsidiary, Alameda Research, have moved 69.64
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Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading cryptocurrencies
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Leading exchange Binance claims that the Forbes collateral report relates to its internal wallet management and is thus unfounded. Binance has hit back at the Forbes report that claims it quietly transferred $1.8 billion in client-backing collateral. According to the Forbes report, the prominent crypto exchange moved the stablecoin-backing funds without informing its customers.
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"On a periodic basis since May 2022, Terraform and Kwon have transferred – and continue to transfer – Bitcoin from this wallet to a financial institution based in Switzerland and have converted the Bitcoin to cash," the filing said, adding that since June 2022, more than $100 million was withdrawn
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