PA Daily | Hong Kong police launched an operation against money laundering activities including cryptocurrencies; the social platform OnlyFans once purchased about 20 million US dollars of ETH

PANews · 2023-08-27T13:13:03.000Z

Today’s news tips: 1. The Hong Kong police launched an anti-money laundering operation, involving a total amount of HK$470 million. The money laundering methods included the purchase and sale of cryptocurrency. 2. Bit Browser users’ private keys were leaked, causing losses of at least US$410,000. 3. Paradigm launches browser extension wallet Rivet 4. The social platform OnlyFans purchased approximately US$20 million in ETH and had an impairment loss of more than US$8 million as of the end of November last year. 5. The third largest holder of Bitcoin is the Robinhood custody address controlled by Jump 6.Curve founder proposed to increase the transaction fee of crvUSD core pool from 0.01% to 0.02% 7.CZ: Due to the Kroll data leak, a new round of phishing attacks targeting FTX, BlockFi, and Genesis users has begun

Today's news tips:
1. Hong Kong police launched an anti-money laundering operation involving HK$470 million, and the money laundering methods included buying and selling cryptocurrencies
2. The private key of BitBrowser users was leaked, causing at least $410,000 in losses
3. Paradigm launches browser extension wallet Rivet
4. Social platform OnlyFans purchased about $20 million of ETH, and as of the end of November last year, the impairment loss was more than $8 million.
5. The third largest Bitcoin holder is a Robinhood custodial address controlled by Jump
6.Curve founder proposed to increase the transaction fee rate of crvUSD core pool from 0.01% to 0.02%
7.CZ: Due to Kroll data leak, a new round of phishing attacks against FTX, BlockFi, and Genesis users has begun
Regulatory News
Hong Kong police launched an anti-money laundering operation involving HK$470 million, and the money laundering methods included buying and selling cryptocurrencies
According to Sing Tao Daily, the Hong Kong police launched an anti-money laundering operation this month, arresting 458 people suspected of money laundering and related crimes from 314 cases involving a total amount of HK$470 million. During the operation, the police successfully intercepted more than HK$16 million in criminal proceeds. The police said that a money laundering group induced locals and foreigners to sell their bank accounts for HK$300 to HK$1,500 to launder the criminal proceeds of various frauds. From October last year to June this year, the group was suspected of laundering up to HK$110 million in criminal proceeds by withdrawing cash and buying and selling cryptocurrencies. In addition, members of the money laundering group invited some of the arrested persons, induced them to hand over their ID cards and take selfies on their mobile phones, and then helped them open virtual bank accounts privately.
NFT
Project News
The private key of BitBrowser users has been leaked, causing at least $410,000 in losses
0xAA, a core developer of PeopleDAO, tweeted that BitBrowser issued a notice admitting that the server cache data may have been hacked and that a report has been filed. Users who have enabled extended data synchronization are at risk of having their wallets stolen, and are advised to take immediate action to transfer wallet assets. SlowMist Cosine then tweeted that the BitBrowser user private key leak has caused at least $410,000 in losses. Yesterday, several crypto community members reported that their private keys had been stolen, and some speculated that the situation was caused by using the BitFingerprint Browser.
Paradigm launches Rivet browser extension wallet
Paradigm has launched a wallet tool for developers, Rivet. Rivet is a browser extension wallet that allows users to connect to any Ethereum application, supports managing multiple addresses, signing and submitting transactions, and viewing transaction history. Unlike ordinary wallets, Rivet is built for developers, allowing developers to perform in-depth testing, debugging, and modification in DApps. Rivet is "DevTools for Ethereum", which is similar to "React DevTools" or "developer tools for browsers."
CZ: Due to Kroll data leak, a new round of phishing attacks against FTX, BlockFi, and Genesis users has begun
Binance founder Changpeng Zhao (CZ) said on the X (formerly Twitter) platform that a new round of phishing attacks against FTX, BlockFi, and Genesis users has begun due to the Kroll data leak (which seems to be the result of an employee changing SIM cards). CZ reminded users to learn to protect themselves and be aware of phishing attacks.
Earlier news, FTX's bankruptcy claims agent Kroll was attacked, and some claimants' non-sensitive customer data was leaked. FTX has taken preventive measures against the Kroll cybersecurity incident and temporarily frozen the affected user accounts. In addition, BlockFi claimants' data was also leaked in the Kroll attack.
Curve founder proposes to increase the transaction fee rate of the crvUSD core pool from 0.01% to 0.02%
Michael Egorov, founder of Curve, initiated a proposal in the governance forum, suggesting that the transaction fee rate of the crvUSD core pool be increased from 1 bps (0.01%) to 2 bps (0.02%). This move will bring more transaction income to Curve and increase the difficulty of manipulating the price oracle (EMA).
Important data
Data: Curve founder pledged 14.15 tBTC and borrowed over 260,000 crvUSD
On-chain data shows that Curve founder Michael Egorov’s address pledged 14.15 tBTC to borrow more than 261,005.2 crvUSD.
Social platform OnlyFans purchased about $20 million in ETH, and as of the end of November last year, the impairment loss was more than $8 million.
According to the financial report of the foreign social platform OnlyFans, OnlyFans has invested part of its funds in ETH and purchased US$19.889 million of ETH. As of November 30, 2022, it suffered an impairment loss of US$8.455 million at fair value and a book value of US$11.434 million.
On-chain analyst Yu Jin: Onlyfans may hold about 9,000 ETH, with a floating loss of about $5 million
The social platform OnlyFans purchased $19.889 million of ETH. As of November 30, 2022, the fair value impairment loss was $8.455 million, and the book value was $11.434 million. According to the analysis of the on-chain analyst Ember, the price of ETH on November 30, 2022 was about $1,270, which means that the number of ETH held by Onlyfans should be around 9,000. Calculated at 9,000 ETH, the purchase cost was $19.889 million, which means the average purchase price was $2,210. At the current ETH price of $1,650, it is now worth $14.85 million. The floating loss is $5 million (about a 25% loss).
Data: Huang Licheng bought more than 154,000 APEs, and a total of 3.13 million APEs were purchased in August
According to Lookonchain monitoring, Huang Licheng spent 135 ETH (about 222,000 US dollars) to purchase 154,570 APE today. In August, Huang Licheng purchased a total of 3.13 million APE at an average price of 1.73 US dollars. Among them, 2.5 million APE (about 4.5 million US dollars) were withdrawn from Binance at a price of 1.8 US dollars, and 631,000 APE were purchased from DEX at a price of 1.5 US dollars.
The third largest Bitcoin holder is a Robinhood custodial address controlled by Jump
According to Arkham data, the third largest Bitcoin holder is currently the Robinhood platform custodian address controlled by Jump Trading, which has transferred a total of 118,300.2 BTC (worth approximately $3.08 billion) over the past three months. The first and second largest Bitcoin holders are Binance and Bitfinex, respectively.
PANews APP Points Mall is officially launched
Free redemption of hardcore prizes: imKeyPro hardware wallet, first-class research report monthly card, Ballet REAL series wallet, AICoin membership, various peripherals and hundreds of selected research reports collection, first come first served, experience it now!