Russian Cybercriminal Groups Suspected in $400 Million FTX Crypto Exchange Heist
Elliptic, a research firm, has traced stolen assets worth $400 million from the now-defunct FTX crypto exchange to Russia-based cybercriminal groups. The attackers used RenBridge to move 65,000 ETH to the Bitcoin blockchain and employed a blockchain-based tool called a mixer to cover their tracks. However, at least $4 million of these assets made their way to various exchanges, hinting at a possible cash-out attempt. Elliptic's analysis suggests a Russian connection, as a significant portion of the stolen assets merged with funds linked to Russian criminal syndicates.
Arca Transferred 1.48 Million ARB to Binance, Expecting a Loss of $460,000
June 8th, Arca withdrew 1.48 million ARB (1.68 million USD) from Coinbase at a price of 1.13 USD. Three hours ago, Arca transferred all of its ARB to Binance at a price of 0.82 USD. After holding for 4 months, Arca's ARB investment is expected to incur a loss of 460,000 USD (-27%). In addition, the DYDX and GMX held in Arca's address are also currently in a floating loss state.
Hata Receives Approval to Register as Digital Asset Exchange and Broker in Malaysia
Hata, a Malaysia-based company co-founded by David Low, has received in-principle approval from Securities Commission Malaysia to register as a Recognized Market Operator (RMO) as a digital asset exchange and digital broker. This approval will allow Hata to launch its services in six to nine months, making it the fifth regulated digital asset exchange in Malaysia and the first legal entity to receive approval as a digital broker. Hata also received a money broker license from the Labuan Financial Services Authority in June, enabling it to exchange USD. Other crypto exchanges such as Binance and Huobi Global have faced challenges in the Malaysian market due to lack of registration with SC.
Binance Will Remove BUSD Trading Pairs of Some Currencies on the 19th
October 11th, according to an official announcement, Binance will remove ACH/BUSD, ARPA/BUSD, CAKE/BUSD, CELO/BUSD, CHR/BUSD, ENJ/BUSD, GRT/BUSD, GTC/BUSD, HFT/BUSD, HOOK/BUSD, ICP/BUSD, IDEX/BUSD, INJ/BUSD, JASMY/BUSD, LIT/BUSD, LPT/BUSD, MTL/BUSD, PHA/BUSD, PHB/BUSD, PYR/BUSD, ROSE/BUSD, SAND/BUSD, STX/BUSD, WING/BUSD, XMR/BUSD cross-margin and isolated-margin trading pairs on October 19th at 14:00 (GMT+8).
Binance Will Launch LOOM 1–10x U-margined Perpetual Contract
Official announcement, Binance will launch LOOM 1-10x U perpetual contract on October 11th at 22:30 (GMT+8).
Binance’s Spot CEX Market Share in September Was 41.7%, Down 3.72% From August
October 11th, the September spot trading volume of CEX was 311.93 billion US dollars, among which Binance's spot trading volume was 130.13 billion US dollars, with a market share of about 41.7%. This data decreased by 3.72 percentage points from August's 45.42%.
Binance Adds FDUSD and TUSD Trading Pairs for Some Currencies
October 11th, Binance will launch trading pairs for ADA/FDUSD, FIL/FDUSD, FRONT/TUSD, LEVER/TRY, LTC/FDUSD, RUNE/TUSD, and TRB/TRY (TRY is a legal currency code, not a digital currency code) on October 12th at 16:00 (GMT+8).
CEX holds 8.51% of the current total amount of ETH, and the top ten currency addresses have accumulated a total of 39.22 million ETH.
October 11th, data from Santiment shows that 8.51% of the current total supply of ETH exists on centralized trading platforms, with the top ten addresses holding coins (not participating in trading) accumulating a total of 39.22 million ETH.
Brazilian Congressional Committee recommends prosecution of Changpeng Zhao and other Binance executives
Bloomberg reported that the Brazilian Congressional Committee has recommended the prosecution of four senior leaders of Binance, including its founder and CEO Zhao Changpeng. The committee accused Zhao and three local Binance executives of fraudulent management, issuing or trading securities without prior authorization, and operating financial institutions without authorization. Legislators also recommended that the Brazilian Securities Regulatory Agency (CVM) investigate Binance's derivatives sales behavior after receiving a cease and desist order. The committee stated in its final report that these ongoing transactions "repeatedly violate securities market rules." <br>
Crypto exchange Bitfinex owner iFinex offers to repurchase $150 million worth of shares
iFinex, the owner of Bitfinex crypto exchange based in Hong Kong, has reportedly offered to buy back $150 million worth of shares to strengthen its control over the company. The offer was made to shareholders last month, with iFinex offering to purchase 15 million shares at $10 each, representing about 9% of its outstanding capital. The company cited positive performance as the reason for the buyback. Bitfinex suffered a hack in 2016 that resulted in a loss of $71 million in bitcoin, and in August, a New York couple pleaded guilty to money laundering conspiracy related to the hack.
