Crypto Guides, Knowledge & Insights

Tether Freezes 32 Addresses Related to Terrorism and War in Israel and Ukraine

According to an official article, Tether has currently assisted 31 institutions globally in conducting investigations across 19 jurisdictions. They have frozen assets totaling $835 million. These assets are primarily related to theft (blockchain and exchange hacks), with a small portion related to other criminal activities.　　Among these actions, Tether has frozen 32 addresses valued at $873,118.34. These addresses were found to be associated with illegal activities in Israel and Ukraine. Tether has maintained a collaborative effort with the Israeli National Bureau for Counter Terror Financing (NBCTF) to combat cryptocurrency-funded terrorism and warfare.　　

2023-10-17Deep Dive

Phishing Scam "FrenTechPro" Has Stolen Approximately $214,000 Across 7 Blockchains

According to PeckShield monitoring, the phishing scam FrenTechPro, impersonating the friend.tech tool, has managed to steal approximately $214,000 worth of cryptocurrencies across seven blockchains (Ethereum, BNB Chain, Base, Polygon, Arbitrum, Optimism, and Avalanche).　　Earlier today, SlowMist founder Cosmos Yu confirmed that FrenTechPro is a phishing scam. Clicking “ACTIVATE NOW” on its website repeatedly attempts to steal wallet-related assets.　　

2023-10-17Deep Dive

Believe on Fake Bitcoin Spot ETF News, Whale Loses $49,000 in 10 Minutes

According lookonchain, a whale bought 20.5 $WBTC for 613,201 $USDC, but sold it for only 563,970 $USDC after betting big on fake Bitcoin Spot ETF News.Whale Loses $49,000 in 10 Minutes After Believing Fake Bitcoin Spot ETF News　　BTC, which had surged to a value of $30,000 as a result of the dissemination of false news by Cointelegraph, is currently trading at $28,000. The denial of Cointelegraphs news by BlackRock appears to have had a significant impact on the industry. Many Investors, who gave in to the fear of missing out (FOMO), have experienced substantial financial losses, when they realized, that was Fake Bitcoin Spot ETF News.　　In an interesting incident, a large investor had a change of heart due to the latest ETF news and ended up buying a total of 20.5 Wrapped Bitcoin (WBTC), as reported by Look On-Chain, a trusted data provider. Unfortunately, when it was revealed that the news was indeed false, the investor quickly sold their holdings, resulting in a staggering loss of $49,000 in just ten minutes. Look On-Chain shared additional details about this event through its official account.　　The spread of false information by Cointelegraph, claiming that the SEC had approved a spot Bitcoin ETF, led

2023-10-17Deep Dive

Robinhood Now Considers Delisting SOL, ADA, And MATIC After SEC Lawsuits

Robinhood is reportedly considering delisting several tokens named in the SEC lawsuit against Binance and Coinbase this week. The tokens in question include Solana (SOL), Cardano (ADA), Polygon (MATIC), and others.　　The Securities and Exchange Commission (SEC) has filed lawsuits against these two leading cryptocurrency exchanges over the past few days, alleging that they traded unregistered securities.　　Regarding Coinbase, the SEC alleges that the US exchange has offered and sold securities without registering its offers and sales. The assets that Coinbase makes available include crypto asset securities, and the SEC alleges that the following tokens are securities: SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.　　Meanwhile, Binance was accused of mishandling customer funds and lied to regulators and investors about its operations, saying that two Binance-linked tokens, BNB and BUSD, were securities the firm improperly offered and sold. The regulator also claimed that Binance and its US affiliate werent independent of each other and improperly functioned as an exchange, broker-dealer, and clearing agency without registering.　　As a result, Robinhood‘s legal chief, Dan Gallagher, has testified before the House Agriculture Committee that the brokerage is actively reviewing the regulator’s analysis to determine what actions to take.　　Although Robinhood offers access

2023-10-17Deep Dive

Bitcoin ETF Fake News Causes BTC Options Trades To Be Highly Volatile

In a tumultuous day for the cryptocurrency market, Bitcoin experienced a roller-coaster ride in response to a Bitcoin ETF fake news about the approval of a spot Bitcoin ETF.　　Source: Greeks.liveBTC‘s Wild Price Swing Amid Bitcoin ETF Fake News　　Early in the U.S. trading day, an inaccurate post claimed that BlackRock’s proposed spot Bitcoin ETF had gained approval, triggering a surge in trading activity and a 10% spike in Bitcoin‘s price, briefly reaching the $30,000 mark. The Bitcoin ETF fake news prompted significant market volatility, with Bitcoin’s value oscillating by as much as 10% within a single day before settling back to its pre-news price.　　According to Greeks.live, he misleading information not only impacted Bitcoin‘s price but also led to a spike in major maturity option IVs within the three-month period. BTC short- and intermediate-term IVs rose by 5%, while ultra-short-term IVs increased by nearly 20%. However, long-term option IVs expiring at the year’s end and beyond remained unchanged.Ethereum Unshaken as Bitcoin‘s Volatility Soars　　Interestingly, Ethereum (ETH) remained largely unaffected, with its major maturities showing no significant changes. The distribution of options trades revealed that Bitcoin’s growth was fueled by short-term calls in the 28,000 to 30,000 range, causing challenges for options players.　　Confirmation from

2023-10-17Deep Dive

Upbit Singapore Gains Preliminary Approval for MPI License from MAS

Upbit Singapore has announced that it has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This allows Upbit to continue offering digital payment token services to institutional investors while awaiting full approval.　　Its worth noting that in October alone, entities such as Coinbase, Ripple, and Sygnum Bank in Singapore also received MAS approval for their respective licenses, bringing the total number of digital payment token service companies with such licenses to 15.　　

2023-10-16Deep Dive

This Week's Token Unlock

Token Unlocks data indicates that four projects will experience significant token unlocks this week (October 16th to 22nd):　　On October 16th at 8 AM, Flow will unlock 7.29 million FLOW tokens, valued at approximately $3.23 million, representing 0.7% of the circulating supply.　　On October 17th at 8 AM, ApeCoin will unlock 15.6 million APE tokens, valued at around $16.6 million, accounting for 4.23% of the circulating supply.　　On October 20th at 21:10, Axie Infinity will unlock 1,513 AXS tokens, valued at about $64.59 million, constituting 11.5% of the circulating supply.　　On October 22nd at 8 AM, SPACE ID will unlock 18.49 million ID tokens, valued at approximately $3.41 million, making up 6.46% of the circulating supply.　　

2023-10-16Deep Dive

Platypus: LP Withdrawals Arranged, Negotiations with Hacker Underway

Yesterday, according to a report from PeckShield, it appears that the Avalanche ecosystem stablecoin trading project Platypus Finance may have fallen victim to a suspected hacking attack. At the time of the report, the project had suffered losses of approximately $1 million.　　Platypus Finance responded to the incident with a post on the X platform, stating, “Due to suspicious activities in the protocol, we have taken proactive measures to pause all pools. Any further updates will be promptly communicated to the community.”　　In the end, Platypus announced a loss of approximately $2.2 million in the sAVAX-AVAX pool. The team suspended the pool and initiated an investigation at 6:50 AM (UTC). With the assistance of the security platform Supremacy, they successfully recovered around 50,000 sAVAX and 7,000 AVAX from one of the attackers. The team is closely collaborating with security experts to identify and rectify vulnerabilities. Platypus will not restart the pool until these issues are fully resolved, and security measures are reinforced.　　Platypus Finance is a stablecoin exchange project built on the Avalanche platform. It had received leading investments from Three Arrows Capital and DeFiance Capital and supported single stablecoin collateral. According to data from Defillama, Platypus Finance had a TVL (Total Value

2023-10-16Deep Dive

MetaMask Wallet Returns To Apple App Store Following Temporary Removal

Popular DeFi wallet MetaMask, with 21 million monthly users, was pulled off the Apple App Store for a few hours on Saturday. Although the crypto wallet app has now been restored, there has been no official explanation of the reason behind this incident.　　FYI: We‘re aware that MetaMask isn’t currently available for download on the App Store. This is and not related to anything malicious, and our team is working hard to resolve it ASAP. We expect MetaMask to be back on the App Store shortly, and we sincerely apologize for any inconvenience this may have caused.　　In addition, the development team behind the wallet also admonished users against downloading fake versions of its application on the App Store. Such a warning is not far-fetched, as users have lost assets to bad actors through fake crypto wallets.　　Most recently, American billionaire Mark Cuban lost $870,000 of digital assets in a hack that he attributed to downloading a counterfeit version of the MetaMask wallet. An hour after MetaMasks statement, the crypto wallet returned to the Apple App Store. However, the reason for the initial removal remains largely unknown.　　 What Could Have Prompted This Event？　　One possible explanation for MetaMask‘s temporary absence from the Apple App

2023-10-16Deep Dive

U.S. Government Becomes Bitcoin Largest Holder With $5 Billion Seizures

The U.S. government is one of the worlds Bitcoin largest holders, with three recent seizures resulting in approximately 200,000 Bitcoins worth more than $5 billion seized from cybercriminals, as per WSJ.U.S. Government Becomes Bitcoin Largest Holder　　The U.S. government has been reportedly one of the worlds Bitcoin largest holders. The holding is a result of three recent seizures, which yielded over 200,000 Bitcoins valued at more than $5 billion.　　The seized Bitcoins primarily come from cyber criminals and darknet markets and are stored in encrypted hardware wallets controlled by various government agencies such as the Ministry of Finance, the Internal Revenue Service (IRS), and the Justice Department.　　The government‘s total stash is likely even larger than what has been publicly disclosed. While the U.S. has been slow in converting its Bitcoin holdings into dollars, recent seizures have added substantial value to its overall holdings. The legal process to convert seized Bitcoin into cash can take years, during which time the cryptocurrency’s value can appreciate significantly.Approach to Handling Seized Bitcoin　　The U.S. governments approach to handling seized Bitcoin differs from its treatment of other seized assets. When a government agency takes control of a crypto asset, it does not immediately become the property of the

2023-10-16Deep Dive

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