#binance

Markus Thielen, Head of Research at Matrixport, believes that the SEC is not targeting stablecoins. The charge against Paxos is indirect. The regulators are planning an attack on Binance, which stored customer funds in the same wallet with its collateral for some in-house tokens. The regulations require that exchanges' corporate assets must be recorded in separate accounts and cannot form part of the proof-of-reserves calculations. That's simple: Binance cannot confirm its BUSD reserves. Paxos Trust Company, which is the only issuer of the exchange's stablecoin, serves as a witness in this case, not a defendant. Has CZ fallen into curly-haired Sam’s trap by mixing up customers' wallets with his own? We find it hard to believe. Hopefully, his accounting skills are way better.

Conor Grogan, Head of Product Business Operations at Coinbase, called attention to dubious transactions carried out by anonymous wallets that were purchasing tokens minutes before Binance listing announcements and selling them during the pump. The purchase of Rar, ERN, TORN, and RAMP tokens are examples of such transactions. A $100,000 to $900,000 worth of transactions were made. The "trader" earned several million dollars over the course of several transactions. Grogan speculated that it could be either a rogue employee or a trader who might have access to the losing API. Editors' note: don't make it up! Ukrainian deputy Oleh Liashko won the lottery three times and took home the grand prize each time. It's just luck, a strong instinct, and a desire for victory!

Chainalysis investigators claim that a few hours before the announcement of bankruptcy, funds totaling about $155 million were withdrawn from the Genesis exchange: - 50,000 ETH to Coinbase - 20,000 ETH to Bitstamp - 5,000 ETH and 3.9 million USDT to Kraken - 7.7M FTM to Binance - 36 million USDT to an unknown wallet Some analysts speculate that this could be a partial repayment of Genesis' debt to creditors. Of course, it is the case! That's exactly what all bankrupts do before filing for bankruptcy.

The app now displays an up-to-date price chart for nearly all of the Top 50 cryptocurrencies by market cap. However, for some reason, not all are yet visible. Among those displayed are Tether (USDT), XRP (XRP), Binance USD (BUSD), Cardano (ADA), Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Litecoin (LTC), Dai (DAI) and Uniswap (UNI). Among the losers are Polkadot (DOT), Tron (TRX), BNB (BNB), and USD Coin (USDC). Conspiracy theorists and insiders are welcome to comment. TradingView and Robinhood services are likely to have been involved in the implementation. However, none of these potential Twitter partners have officially confirmed the collaboration.

Over the last day, Voyager Digital transferred assets worth approximately $9.6 million to Coinbase, Binance US, and Kraken, including 4.9 million VGX, 221,000 LINK, 3,050 ETH, and 270 billion SHIB. Another interesting fact: one of the addresses has 6.8 trillion SHIB, putting it in 18th place among the largest owners of the meme coins after the transfer. We've got a riddle for you: you're broke, you need money, the enemy is nearby, so you transfer 270 billion coins to the exchange. Is it for a far-off journey or an inheritance?

Aptos development team wallet transferred over 1 million APT (~$20 million) from the main wallet to the Binance exchange. More than 1/3 of the total APT supply ($985 million) remains in the wallet. If these coins will hit the market, the APT price may undergo a significant correction. Although APT attracted a lot of attention with a sharp price increase of more than 450% in a month, one should always keep in mind the project is too centralized: 97% of the total supply is held by only 20 wallets. Thus, the price can be easily manipulated.

Just 24 hours after FTX's new CEO, John Ray, announced that the platform could be revived, fraudsters created a fake FTX 2.0 token. The FTX2.0 scam token is being actively spread among the registered users' wallets, including Justin Sun, KuCoin, and Binance. Security firm PeckShield reported that the smart contract of FTX 2.0 has a backdoor that allows hackers to steal funds from users' accounts. To participate in the "new airdrop" the users are encouraged to click on a phishing link. But the worst part is that the token's code allows buying the coin, but prohibits it from being sold. That's why its price has quickly rocketed, causing a wave of FOMO among FTX customers.