ImportantPANews
Whale Spent $2.61 Million Bottom-Fishing UNI and PEPE This Morning, Secures $270,000 Profit in 5 Hours
On-chain monitoring shows that whale address "wenyu8888888" executed bottom-fishing purchases of UNI and PEPE following a panic-driven market decline triggered by hacker sell-offs earlier this morning, generating $270,000 in profit within 5 hours. At approximately 7 AM, the whale spent 2.61 million USDC to acquire 297.9 billion PEPE and 208,000 UNI, and transferred all of these tokens to Gate 20 minutes prior, with the total position valued at $2.88 million.
- #Meme
- #DeFi
- #Whale
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View allIndia's Largest Crypto Exchange CoinDCX Temporarily Restricts New Futures Positions Due to Binance Incident
India's largest crypto exchange CoinDCX has temporarily restricted new futures positions after a Binance security incident disrupted a key liquidity provider. CoinDCX stated on Platform X that its futures market has entered a "reduce-only" mode due to "recent developments impacting global liquidity providers". A CoinDCX spokesperson confirmed to CoinDesk that the referenced liquidity provider is Binance. Under the restriction, traders cannot open new positions or increase the size of existing long/short positions, but remain able to add or remove margin on existing positions, while open orders will continue to be executed. CoinDCX noted that deposit and withdrawal services are operating normally, and customer funds are safe. This restriction applies exclusively to futures trading as a temporary measure, and no timeline has been provided for the resumption of normal trading operations.
1inch has blocked Binance exploit-related addresses across all its products, stolen 1INCH cannot be frozen
1inch has implemented emergency risk control measures in response to the Binance exploit incident. <p>The 1inch risk management team, in collaboration with security organizations including ZeroShadow, SEAL 911, and TRM Labs, completed relevant remediation within one hour after the incident occurred, fully blocking all addresses associated with the exploit across the 1inch dApp, 1inch Wallet, and 1inch API. The team will continue to update newly identified high-risk addresses going forward, and share the list of risky addresses with its resolvers and all partner integrators.</p><p>Part of the stolen assets consist of 1INCH tokens. As 1INCH is a standard ERC-20 token that does not natively support freezing or blacklist control functionalities, no entity is able to execute freezing operations on the stolen 1INCH tokens.</p><p>1inch has proactively reached out to the Binance team to offer relevant technical support, and will fully cooperate with the Binance platform and relevant law enforcement agencies to conduct full-chain tracking of the stolen assets, and advance the recovery of stolen assets to the greatest possible extent.</p>
Aethir: No Exposure to the Binance Incident, But Still Implementing Preventive Measures
Aethir posted on the X platform stating that it has no exposure to the Binance incident, but is still taking preventive measures, with its security team auditing all systems. Aethir noted that it appreciates Binance's rapid response and commitment to covering all user funds, and that protecting its network and community is its top priority.
Binance Hacker Transfers $38.82 Million Worth of ETH to a New Wallet, Still Holds $1.12 Billion in ETH
Per on-chain monitoring, the Binance hacker has just sent $38.82 million worth of ETH to a new wallet, with potential plans to route the funds to Tornado Cash. The hacker still retains a total of $1.12 billion in ETH holdings.
Ethena: USDe Remains Overcollateralized by Over $60 Million, Backing Assets Are Not Directly Held on Binance or Other CEXs
Ethena posted on the X platform stating that USDe proof of reserves is typically provided weekly by independent third-party attestation entities including Chainlink and Llama Risk. In light of events that unfolded over the past several hours, Ethena has released its proof of reserves. The aforementioned independent third parties have confirmed that USDe remains overcollateralized, with the excess collateral exceeding $60 million, representing a collateral ratio above 101.0%. Ethena noted that USDe's backing assets are not directly held on Binance or any centralized exchange, and all funds are secure.
