Tag: Million

Celsius sells $23.5 million of tokens days after former CEO was arrested

Celsius Network, which filed for bankruptcy in 2022, is selling its crypto holdings as the broader market recovers, partly due to Ripple’s win against the US Securities and Exchange Commission (SEC). Data provided by Lookonchain shows that Celsius has already sold roughly $23.5 million worth of cryptocurrencies — including $8.5 million of chainlink (LINK), $7.84 million of synthetix (SNX), $3 million of BNB, $2.26 million from 1inch (1INCH), and $1.9 million worth of ox protocol (ZRX).  Moreover, screenshots shared by the data provider also suggest that Celsius has deposited almost 439,000 FTT,…

FTX spent $400 million on the acquisition of its European branch

According to the legal team of the FTX investors, trying to return their funds through court, a failed crypto exchange spent “nearly $400 million” to acquire Digital Assets DA AG (“DAAG”). Later the Swiss company became known as FTX Europe. Now the plaintiffs are eager to be refunded the money that was spent on it by Sam Bankman-Fried and his associates.  The complaint for avoidance and recovery of transfers was filed to the United States bankruptcy court in the district of Delaware on July 12. The plaintiffs are stating that…

New York hacker charged for stealing $9 million from a decentralized exchange

United States law enforcement agents slammed wire fraud and money laundering charges against a former security engineer from New York. He is accused of hacking a decentralized exchange (DEX) and stealing $9 million in July 2022. The development marks the first time prosecutors are bringing charges against a suspect for exploiting a DEX’s smart contract. Hacker facing charges  The United States Attorney’s Office for the Southern District of New York, in a press release, alleged that Shakeeb Ahmed, who previously worked as a senior security engineer for an international technology firm,…

$300 Million In Silk Road Bitcoins On The Move After CPI Data

Two unconfirmed transactions show that 9,800 Bitcoin linked to dark web marketplace Silk Road was transferred on Wednesday. 506 BTC was sent to a change address and 0.01 BTC was moved to the wallet 361yog in the first transaction, per reports. In the second transaction, the move transferred 8,200 BTC to the same 361yog wallet and 1,118 BTC to a separate change wallet. The transactions were discovered shortly after the U.S. CPI data was released but it remains unclear if the government is behind the BTC transfers. Crypto addresses with…

Why Threads Got 100 Million Users When Other Twitter Rivals Could Not

Before going any further, let’s be clear: Threads will not necessarily be a huge success. Sometimes platforms arrive with a bang only to fade into cultural irrelevance – remember Clubhouse? But again: Threads got 100 million users in five days, and that number could still grow. Rival upstarts simply have not gained that kind of traction. Mastodon claims to have around 2 million monthly active users. It’s hard to get exact numbers for the decentralized social media protocol Nostr, but an estimate based on Damus and Amethyst downloads is likely…

Tether freezes USDT addresses linked to the $130 million Multichain exploit

Tether Holdings, the issuer of the USDT stablecoin, has frozen two addresses on the Ethereum network that received funds from Multichain’s multi-party computation (MPC) address. The two addresses, currently flagged by Ethereum block explorer Etherscan as “Multichain suspicious addresses,” are claimed to collectively hold about 2.53 million USDT. Tether has frozen 2 addresses on Ethereum that hold about 2.53 million USDT: 0x9d5…2b68, 0x48B…4537. Both of these addresses have received funds from the Multichain team’s MPC address and are currently flagged by Etherscan as “Multichain Suspicious Addresses.”… — Wu Blockchain (@WuBlockchain)…

Revenge trading goes wrong as whale losses $1.88 million on ETH shorts

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. Ether price analysis …

DigiToads secures over $5.7 million in presale, shiba inu enters price discovery

DigiToads has garnered attention within the meme coin market, securing over $5.7 million during its ongoing presale. While shiba inu (SHIB) continues to feature in crypto headlines, DigiToads has distinct propositions, capturing investor interest. DigiToads challenges existing norms and presents a fresh perspective in the meme coin landscape. It is a community-focused project that promotes toad supremacy and values environmental conservation, financial growth, and unity. Currently, its presale has support from bullish investors who want to be part of a project whose value propositions extend beyond memes. The success of the DigiToads…

Former NYSE Broker Ordered to Pay $54 Million in Cryptocurrency Fraud Case

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Former New York Stock Exchange (NYSE) broker has been directed by a federal court to pay a staggering $54 million in damages and penalties for orchestrating a fraudulent cryptocurrency trading scheme. The U.S. Commodity Futures Trading Commission (CFTC) has announced that Michael Ackerman, an Ohio resident, has been banned from participating in any markets under the watchdog’s supervision as per the ruling issued by a judge at the Southern District of New York court. The CFTC’s case against Ackerman, who was initially charged in 2020, involves accusations of defrauding approximately…