#wallet

A Twitter debate has erupted, speculating that Sam Bankman-Fried (SBF) might be involved with the BALD memcoin rugpull. Blockchain analysts delved into the developer’s on-chain history and discovered a connection between the wallet address deploying the BALD token and ETH funding from wallets linked to FTX and Alameda Research. An anonymous DeFi commentator suggested that this link might indicate SBF’s attempt to recover some losses. Data editors found that the same wallet address had made numerous transfers (400) to blacklisted USDT addresses and appeared to have strong connections with Alameda Research.

Arkham Intel Exchange has acknowledged two on-chain investigators with approximately 9,519 ARKM (valued at ~$5,000) for information on Do Kwon & Terra's wallet holdings. This new data suggests a potential inconsistency in Terra's previous declaration of possessing a single Luna Foundation Guard wallet.

Approximately $125 million worth of multi-chain assets has been observed flowing out of the cross-chain protocol Multichain into multiple wallets. As a response, the Multichain team has temporarily halted the protocol, without providing a specific timeline for recovery. Some analysts suggest that the situation may not be a result of a hacker attack. They point out that the asset transfer occurred gradually, with a small test transfer of 2 USDC before the larger outflow. Each asset was transferred to an independent wallet, and no further actions such as swapping or mixing took place. The receiving wallets remain completely clean. Considering the technical characteristics of Multichain, it is possible that the transferor gained control of private key fragments exceeding the threshold through some means. The investigation into this potential exploit is ongoing.

The Sui Foundation has cut ties with decentralized exchange MovEx due to a contract breach involving the illicit movement of SUI tokens. MovEx had received 2.5 million SUI tokens (around $1.6 million) for their work on the DeepBook exchange product, under an agreement involving a staged release of the tokens. MovEx, however, broke this agreement by making three transactions of 625,000 SUI to three different wallets without the Sui Foundation's consent or awareness. Following the breach, MovEx's total SUI allotment has been moved to a custodial wallet to ensure the release adheres to the contractual schedule.

Belgium’s Financial Services and Markets Authority (FSMA) has taken action against Binance, instructing the popular cryptocurrency exchange to immediately stop offering any virtual currency services in the country. In a statement released on Friday, the FSMA emphasized that individuals and firms governed by Belgian law, but not belonging to the European Economic Area, are prohibited from offering exchange services involving virtual currencies and legal currencies, as well as custody wallet services. Failure to comply with this order could result in criminal sanctions, as warned by the regulator.