eyeonchain
404,493 views
97 Posts
Hot
Latest
Pantera Capital Doubles Down on 1inch
Pantera Capital, a prominent venture capital firm, has once again shown its confidence in the 1inch Network. Just 7 hours ago, the firm further deposited 14.756 million 1INCH tokens, worth approximately $3.85 million, to Coinbase Prime.
This latest move adds to Pantera Capital's significant holdings in 1INCH. Here's a breakdown of their 1INCH journey:
Vesting Windfall: Between December 2, 2021, and July 22, 2023, Pantera Capital received a total of 104.6 million 1INCH tokens from the 1inch vesting contract at an average price of $1.286.
Coinbase Prime Accumulation: Since July 24, 2024, the firm has strategically deposited 64.26 million 1INCH to Coinbase Prime at an average price of $0.302, totaling $19.4 million.
Remaining Holdings: Pantera Capital still maintains a substantial position of 40.34 million 1INCH tokens, valued at approximately $10.5 million, spread across two addresses:
Address 1: 0xce451daf732bd439757c7202372812f77cff9a79
Address 2: 0x8dad53cbd205fc71982739905fdcb565b0ebdba3
Pantera Capital's continued investment in 1INCH highlights the firm's belief in the long-term potential of the decentralized exchange aggregator.
As 1INCH continues to gain traction and expand its offerings, Pantera Capital's strategic moves could further solidify its position in the DeFi landscape.
#Inch $1INCH #eyeonchain
Pantera Capital, a prominent venture capital firm, has once again shown its confidence in the 1inch Network. Just 7 hours ago, the firm further deposited 14.756 million 1INCH tokens, worth approximately $3.85 million, to Coinbase Prime.
This latest move adds to Pantera Capital's significant holdings in 1INCH. Here's a breakdown of their 1INCH journey:
Vesting Windfall: Between December 2, 2021, and July 22, 2023, Pantera Capital received a total of 104.6 million 1INCH tokens from the 1inch vesting contract at an average price of $1.286.
Coinbase Prime Accumulation: Since July 24, 2024, the firm has strategically deposited 64.26 million 1INCH to Coinbase Prime at an average price of $0.302, totaling $19.4 million.
Remaining Holdings: Pantera Capital still maintains a substantial position of 40.34 million 1INCH tokens, valued at approximately $10.5 million, spread across two addresses:
Address 1: 0xce451daf732bd439757c7202372812f77cff9a79
Address 2: 0x8dad53cbd205fc71982739905fdcb565b0ebdba3
Pantera Capital's continued investment in 1INCH highlights the firm's belief in the long-term potential of the decentralized exchange aggregator.
As 1INCH continues to gain traction and expand its offerings, Pantera Capital's strategic moves could further solidify its position in the DeFi landscape.
#Inch $1INCH #eyeonchain
Whale 0x48a (likely an investor in SingularityNet) just spent 2.835M USDT to buy back 1.792M FET ($2.39M) via Binance at an average price of $1.332 in the past 11 hours.
🔗 Address: 0x48a5507b37f4b276fdb782e79bbf05c41ce1b6a8
🧐 Notable Transactions:
The whale received 10M AGIX from SingularityNet on May 30 and 31, 2021, when AGIX was priced at just $0.045 ($456K).
These were later migrated to 4.334M FET on July 6, 2024.
Between August 11 and 23, 2024, the whale sold 2.333M FET for 2.385M USDT at an average price of $1.022 via Binance.
However, with FET's price surging by 67% over the past 7 days, the whale appears to have reconsidered and bought back 1.792M FET at a higher price.
📊 Current Holdings: The whale now holds a total of 3.79M FET ($5.04M).
#FET❤️ $FET #eyeonchain
🔗 Address: 0x48a5507b37f4b276fdb782e79bbf05c41ce1b6a8
🧐 Notable Transactions:
The whale received 10M AGIX from SingularityNet on May 30 and 31, 2021, when AGIX was priced at just $0.045 ($456K).
These were later migrated to 4.334M FET on July 6, 2024.
Between August 11 and 23, 2024, the whale sold 2.333M FET for 2.385M USDT at an average price of $1.022 via Binance.
However, with FET's price surging by 67% over the past 7 days, the whale appears to have reconsidered and bought back 1.792M FET at a higher price.
📊 Current Holdings: The whale now holds a total of 3.79M FET ($5.04M).
#FET❤️ $FET #eyeonchain
PEPE Whale Cashes Out Big:
A mysterious cryptocurrency whale has just concluded a highly profitable PEPE trading venture. The whale, identified by the address 0x9b10328f3628390f460b2cc25515fef17e87c0a4, deposited the final batch of 395.92 billion PEPE tokens, worth approximately $3.39 million, into Binance.
This marks the end of a five-month trading cycle that has yielded an astonishing estimated profit of $5.09 million, representing a staggering 203% return on investment.
The crypto community is now eagerly watching to see where this whale will deploy their newfound wealth.
$PEPE #pepe #eyeonchain
A mysterious cryptocurrency whale has just concluded a highly profitable PEPE trading venture. The whale, identified by the address 0x9b10328f3628390f460b2cc25515fef17e87c0a4, deposited the final batch of 395.92 billion PEPE tokens, worth approximately $3.39 million, into Binance.
This marks the end of a five-month trading cycle that has yielded an astonishing estimated profit of $5.09 million, representing a staggering 203% return on investment.
The crypto community is now eagerly watching to see where this whale will deploy their newfound wealth.
$PEPE #pepe #eyeonchain
Dormant Multisig Liquidates Entire SAFE Holding at a Significant Loss
A dormant multisig wallet, identified as 0xe42ba45b44c4ece4d2894285e7afd59aa7bebe14, has recently liquidated its entire SAFE token holdings. The wallet sold off all 334,025 SAFE tokens for approximately $228,334 worth of USDC, at a price of $0.684 per SAFE.
This move comes after a ten-month holding period during which the wallet had accumulated the SAFE tokens through various airdrop contracts of Safe (formerly Gnosis Safe). The initial acquisition of these tokens occurred on October 4 and 7, 2023, at an average price of $3.26, amounting to a total investment of approximately $1.09 million.
The liquidation represents a significant loss for the multisig wallet, with a total loss estimated at around $860,448.
The reasons behind this sudden liquidation remain unclear. Possible explanations include:
Market conditions: The decision to sell might have been influenced by prevailing market conditions and the desire to realize some value from the SAFE holdings.
Project abandonment: The multisig wallet might be associated with a project that has been abandoned or is no longer active.
Tax implications: The liquidation could be driven by tax-related considerations.
Regardless of the reasons, the liquidation of such a large SAFE holding is a noteworthy event that could impact the token's price and market sentiment.
#SAFE $SAFE #eyeonchain
A dormant multisig wallet, identified as 0xe42ba45b44c4ece4d2894285e7afd59aa7bebe14, has recently liquidated its entire SAFE token holdings. The wallet sold off all 334,025 SAFE tokens for approximately $228,334 worth of USDC, at a price of $0.684 per SAFE.
This move comes after a ten-month holding period during which the wallet had accumulated the SAFE tokens through various airdrop contracts of Safe (formerly Gnosis Safe). The initial acquisition of these tokens occurred on October 4 and 7, 2023, at an average price of $3.26, amounting to a total investment of approximately $1.09 million.
The liquidation represents a significant loss for the multisig wallet, with a total loss estimated at around $860,448.
The reasons behind this sudden liquidation remain unclear. Possible explanations include:
Market conditions: The decision to sell might have been influenced by prevailing market conditions and the desire to realize some value from the SAFE holdings.
Project abandonment: The multisig wallet might be associated with a project that has been abandoned or is no longer active.
Tax implications: The liquidation could be driven by tax-related considerations.
Regardless of the reasons, the liquidation of such a large SAFE holding is a noteworthy event that could impact the token's price and market sentiment.
#SAFE $SAFE #eyeonchain
Wallet 1Q3Zk (likely associated with Justin Sun) has just deposited 499.99 BTC ($32.1M) to Binance via Justin Sun's alleged BTC Binance deposit address, 1Fbsr, in the past 11 hours.
🔗 Address: 1Q3ZkUvSrd3u52jyq5dvpB79NsceKTAxAW
💼 Since BitGo's WBTC custody deal with Justin Sun on August 11, several wallets have deposited a total of 3,090 BTC ($188M) to Binance via the 1Fbsr address. So far, 2,591 WBTC ($156M) has been withdrawn to the Ethereum wallet 0xbe6d2444a717767544a8b0ba77833aa6519d81cd.
#BTC☀ $BTC #eyeonchain
🔗 Address: 1Q3ZkUvSrd3u52jyq5dvpB79NsceKTAxAW
💼 Since BitGo's WBTC custody deal with Justin Sun on August 11, several wallets have deposited a total of 3,090 BTC ($188M) to Binance via the 1Fbsr address. So far, 2,591 WBTC ($156M) has been withdrawn to the Ethereum wallet 0xbe6d2444a717767544a8b0ba77833aa6519d81cd.
#BTC☀ $BTC #eyeonchain
Whale Takes Significant Loss on CRV Investment
A whale with the address 0xb5c5e4d7342c2de5fd264b0159c5957748eafcfa has exited its CRV position at a substantial loss.
The whale recently sold its entire holding of 2.24 million CRV tokens for 673,875 USDC, representing an average selling price of $0.301 per CRV.
This decision comes after the whale accumulated these CRV tokens between May 12, 2023, and March 19, 2024, investing a total of $1.448 million in stablecoins (USDT and USDC) at an average buying price of $0.644 per CRV.
The whale's exit from the CRV market resulted in a significant loss of $770,000, representing a 53.3% decline in the investment value.
Several factors could have influenced this decision, including changes in market sentiment, project developments, or the whale's overall investment strategy.
It's crucial to note that past performance is not indicative of future results. Cryptocurrency investments carry inherent risks, and losses can occur.
Would you like to delve deeper into the potential reasons behind the whale's decision or explore other market trends related to CRV and the DeFi ecosystem?
#CRV $CRV #eyeonchain
A whale with the address 0xb5c5e4d7342c2de5fd264b0159c5957748eafcfa has exited its CRV position at a substantial loss.
The whale recently sold its entire holding of 2.24 million CRV tokens for 673,875 USDC, representing an average selling price of $0.301 per CRV.
This decision comes after the whale accumulated these CRV tokens between May 12, 2023, and March 19, 2024, investing a total of $1.448 million in stablecoins (USDT and USDC) at an average buying price of $0.644 per CRV.
The whale's exit from the CRV market resulted in a significant loss of $770,000, representing a 53.3% decline in the investment value.
Several factors could have influenced this decision, including changes in market sentiment, project developments, or the whale's overall investment strategy.
It's crucial to note that past performance is not indicative of future results. Cryptocurrency investments carry inherent risks, and losses can occur.
Would you like to delve deeper into the potential reasons behind the whale's decision or explore other market trends related to CRV and the DeFi ecosystem?
#CRV $CRV #eyeonchain
A prominent whale has sold 66 WBTC for over 3.142 million USDT in the past 24 hours.
This whale, identified by the address 0xf55327a9e253a75102654ff5ff2a8bc1abe59865, has generated an estimated profit of $821,000 since starting to trade WBTC on July 4, 2024.
#WBTC $WBTC #eyeonchain
This whale, identified by the address 0xf55327a9e253a75102654ff5ff2a8bc1abe59865, has generated an estimated profit of $821,000 since starting to trade WBTC on July 4, 2024.
#WBTC $WBTC #eyeonchain
Marathon Digital's Massive BTC Acquisition
Marathon Digital has significantly bolstered its Bitcoin holdings in recent days. The mining company received another 830 BTC, worth approximately $49.31 million, from FalconX just 20 hours ago. This latest acquisition brings the total BTC purchased by Marathon from Galaxy Digital, FalconX, and NYDIG to an impressive 4,726 BTC over the past four days, valued at $277.25 million.
Marathon Digital's Bitcoin address: 3KbWiPRCgWkQNW7QKE3mkJtBcFD6cSsQE6
These on-chain transactions align with Marathon Digital's recent press release announcing the purchase of 4,144 BTC between August 12 and 14, 2024. The average purchase price for these Bitcoin acquisitions stands at $58,665.
With these latest acquisitions, Marathon Digital's total Bitcoin holdings now amount to 19,978 BTC, valued at approximately $1.19 billion.
Key takeaways:
Aggressive BTC accumulation: Marathon Digital is demonstrating a strong commitment to expanding its Bitcoin reserves.
Potential for increased revenue: The company's growing Bitcoin holdings could lead to higher revenue generation through mining and potential future sales.
Market impact: Marathon Digital's significant BTC purchases could influence Bitcoin's market dynamics.
This development positions Marathon Digital as a major player in the Bitcoin mining and investment space.
Would you like to delve deeper into the potential implications of Marathon Digital's BTC acquisition or explore other aspects of the Bitcoin market?
#BTC☀ $BTC #eyeonchain
Marathon Digital has significantly bolstered its Bitcoin holdings in recent days. The mining company received another 830 BTC, worth approximately $49.31 million, from FalconX just 20 hours ago. This latest acquisition brings the total BTC purchased by Marathon from Galaxy Digital, FalconX, and NYDIG to an impressive 4,726 BTC over the past four days, valued at $277.25 million.
Marathon Digital's Bitcoin address: 3KbWiPRCgWkQNW7QKE3mkJtBcFD6cSsQE6
These on-chain transactions align with Marathon Digital's recent press release announcing the purchase of 4,144 BTC between August 12 and 14, 2024. The average purchase price for these Bitcoin acquisitions stands at $58,665.
With these latest acquisitions, Marathon Digital's total Bitcoin holdings now amount to 19,978 BTC, valued at approximately $1.19 billion.
Key takeaways:
Aggressive BTC accumulation: Marathon Digital is demonstrating a strong commitment to expanding its Bitcoin reserves.
Potential for increased revenue: The company's growing Bitcoin holdings could lead to higher revenue generation through mining and potential future sales.
Market impact: Marathon Digital's significant BTC purchases could influence Bitcoin's market dynamics.
This development positions Marathon Digital as a major player in the Bitcoin mining and investment space.
Would you like to delve deeper into the potential implications of Marathon Digital's BTC acquisition or explore other aspects of the Bitcoin market?
#BTC☀ $BTC #eyeonchain
PEPE Whale Cuts Losses with Another Kraken Deposit
A significant PEPE whale, identified by the address 0x689d6140131b2a5eb2fb899b1b180ea23b2b869b, has made another substantial move. Just 16 hours ago, the whale deposited a massive 500 billion PEPE tokens, worth approximately $4.02 million, into cryptocurrency exchange Kraken.
However, this transaction comes with a bitter pill to swallow. Despite this latest deposit, the whale is still sitting on a substantial loss of $2.26 million, representing a staggering 27.2% decline in their overall PEPE investment.
A deeper look into the whale's trading history reveals a complex story:
Between March 16 and June 9, 2024, the whale withdrew a colossal 750.35 billion PEPE tokens from Kraken at an average price of $0.00001106, amounting to a total cost of approximately $8.3 million.
Since March 17, 2024, the whale has gradually deposited a total of 500.02 billion PEPE tokens back into Kraken at an average price of $0.000008031, amounting to $4.02 million.
The whale's current position is precarious. With 250.33 billion PEPE tokens still in their possession, valued at around $2.02 million, the overall picture is one of significant losses.
It remains to be seen whether this latest deposit is a strategic move to average down the purchase price or if the whale is planning to exit their PEPE position entirely.
#pepe⚡ $PEPE #eyeonchain
A significant PEPE whale, identified by the address 0x689d6140131b2a5eb2fb899b1b180ea23b2b869b, has made another substantial move. Just 16 hours ago, the whale deposited a massive 500 billion PEPE tokens, worth approximately $4.02 million, into cryptocurrency exchange Kraken.
However, this transaction comes with a bitter pill to swallow. Despite this latest deposit, the whale is still sitting on a substantial loss of $2.26 million, representing a staggering 27.2% decline in their overall PEPE investment.
A deeper look into the whale's trading history reveals a complex story:
Between March 16 and June 9, 2024, the whale withdrew a colossal 750.35 billion PEPE tokens from Kraken at an average price of $0.00001106, amounting to a total cost of approximately $8.3 million.
Since March 17, 2024, the whale has gradually deposited a total of 500.02 billion PEPE tokens back into Kraken at an average price of $0.000008031, amounting to $4.02 million.
The whale's current position is precarious. With 250.33 billion PEPE tokens still in their possession, valued at around $2.02 million, the overall picture is one of significant losses.
It remains to be seen whether this latest deposit is a strategic move to average down the purchase price or if the whale is planning to exit their PEPE position entirely.
#pepe⚡ $PEPE #eyeonchain
Whale Accumulates $6.64 Million Worth of Maker (MKR)
A significant cryptocurrency whale, identified by the address 0xC4Db5dB4c8945c120B0425a68435b2A15852E611, has made a substantial investment in Maker (MKR).
Over the past five days, the whale acquired 3,291 MKR tokens through the wallet address 0x16F6, spending a total of $6.64 million.
This substantial purchase indicates a strong bullish sentiment towards Maker and the DeFi ecosystem it supports.
#MKR📈 #maker #eyeonchain $MKR
A significant cryptocurrency whale, identified by the address 0xC4Db5dB4c8945c120B0425a68435b2A15852E611, has made a substantial investment in Maker (MKR).
Over the past five days, the whale acquired 3,291 MKR tokens through the wallet address 0x16F6, spending a total of $6.64 million.
This substantial purchase indicates a strong bullish sentiment towards Maker and the DeFi ecosystem it supports.
#MKR📈 #maker #eyeonchain $MKR
Whale 18Txv has deposited 590.132 BTC ($37.98 million) to Binance from the address 18Txv4w4J31Un1gHBnxd6mPdNrkMaSvrJJ.
This BTC was originally withdrawn from Binance at an average price of $38,385 (estimated cost: $22.65 million) between October 20, 2023, and April 16, 2024, via several addresses.
If the whale is selling all the BTC now at $64,365, they would realize an estimated profit of $15.33 million (+67.7%) after 10 months.
#BTC☀ $BTC #eyeonchain
This BTC was originally withdrawn from Binance at an average price of $38,385 (estimated cost: $22.65 million) between October 20, 2023, and April 16, 2024, via several addresses.
If the whale is selling all the BTC now at $64,365, they would realize an estimated profit of $15.33 million (+67.7%) after 10 months.
#BTC☀ $BTC #eyeonchain
The Ethereum Foundation made a significant move by depositing 35,000 ETH ($93.86 million) to Kraken approximately 21 hours ago.
The transaction was made from the address 0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae.
This marks their largest ETH transfer out in 2024 so far. Prior to this, the Ethereum Foundation had only occasionally sold a few hundred ETH on decentralized exchanges, totaling 2,516 ETH for 7.4 million DAI.
#ETH🔥🔥🔥🔥 $ETH #eyeonchain
The transaction was made from the address 0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae.
This marks their largest ETH transfer out in 2024 so far. Prior to this, the Ethereum Foundation had only occasionally sold a few hundred ETH on decentralized exchanges, totaling 2,516 ETH for 7.4 million DAI.
#ETH🔥🔥🔥🔥 $ETH #eyeonchain
Someone created a new wallet and withdrew 3,175 $SOL ($508K) from #MEXC and #Bitget to purchase 932K $CATDOG in a single transaction ~ around 11 hours ago.
Unfortunately, the investment is currently down $391K (-77%).
🔗 Address: AzDG1FHCAXvqF4huaNNkNpjepx3cqiKgjpi7BWyDVoW9
#SOL #solana #eyeonchain $SOL
Unfortunately, the investment is currently down $391K (-77%).
🔗 Address: AzDG1FHCAXvqF4huaNNkNpjepx3cqiKgjpi7BWyDVoW9
#SOL #solana #eyeonchain $SOL
A whale made a big move today, purchasing 28,717 $SOL ($4.56M) from #Binance and immediately staking it.
Address: 5gMedyWXzxSX8xJ33aBiN6jGKYsGXyUDzKN7kziMzQZh
#sol板块 $SOL #solana #eyeonchain
Address: 5gMedyWXzxSX8xJ33aBiN6jGKYsGXyUDzKN7kziMzQZh
#sol板块 $SOL #solana #eyeonchain
Smart Trader Scores Big with MKR Short Position
A savvy trader has just cashed in on a lucrative MKR short position, netting a profit of approximately $292.4K.
The trader initiated the short position on July 19th by borrowing 500 MKR from Aave and subsequently selling it for $1.37 million in USDC. Demonstrating astute market timing, the trader repurchased the necessary MKR to repay their debt just 16 hours ago at a significantly lower cost of $1.07 million USDC.
This strategic move resulted in a substantial profit, showcasing the trader's ability to capitalize on market fluctuations. The trader's address, 0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef, has been identified as the key player in this successful trade.
This incident highlights the potential rewards and risks associated with short selling in the volatile cryptocurrency market.
#MKR #maker #eyeonchain $MKR
A savvy trader has just cashed in on a lucrative MKR short position, netting a profit of approximately $292.4K.
The trader initiated the short position on July 19th by borrowing 500 MKR from Aave and subsequently selling it for $1.37 million in USDC. Demonstrating astute market timing, the trader repurchased the necessary MKR to repay their debt just 16 hours ago at a significantly lower cost of $1.07 million USDC.
This strategic move resulted in a substantial profit, showcasing the trader's ability to capitalize on market fluctuations. The trader's address, 0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef, has been identified as the key player in this successful trade.
This incident highlights the potential rewards and risks associated with short selling in the volatile cryptocurrency market.
#MKR #maker #eyeonchain $MKR
Machi Big Brother (@machibigbrother) seems to have switched gears from accumulating $FRIEND to focusing on $BLAST.
Since August 5, he’s spent 1,464 $ETH (around $3.86M) to buy 350 million $BLAST tokens.
Here are the addresses:
0xF0EA13334d6F74044EC7332De1C6EC194179df3d
0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872
#Blast $BLAST #eyeonchain #friend
Since August 5, he’s spent 1,464 $ETH (around $3.86M) to buy 350 million $BLAST tokens.
Here are the addresses:
0xF0EA13334d6F74044EC7332De1C6EC194179df3d
0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872
#Blast $BLAST #eyeonchain #friend
LIVE
Binance Announcement
--
Binance Addresses Account Misuse in Commitment to Uphold Compliance and Market Integrity
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
We have recently detected instances where certain account features on our platform are being misused or exploited to gain unfair advantages, such as a better fee rate and higher API limits over other users.
Binance is committed to taking the necessary steps to ensure compliance, protect users, and maintain market integrity. We believe these are essential to reinforcing confidence in our exchange platform and the broader digital assets market. Our aim is to foster a healthy and sustainable market environment that always prioritizes the interests of all users.
That is why we have decided to take firmer action against the misuse of accounts.
Stricter Measures to Address Account Misuse
Our platform offers various account types, including sub-accounts, managed sub-accounts, and fund manager accounts, which all play an important role in diverse genuine use cases. However, these features also have the potential to be misused by bad actors that seek to circumvent our controls to either access or sell access to a better fee rate and higher API limits.
We consider any behavior involving unauthorized access to other users' accounts as a serious breach of our Terms of Use and KYC/KYB policy. Aside from being harmful to the fairness and efficiency that users expect from reputable platforms like Binance, such behavior detrimentally impacts the experience and diminishes the contributions of the overwhelming majority of users who play by the rules.
To ensure our account features are not being misused, we have further enhanced the monitoring of all account usage and related activities. We will investigate all potential or suspected incidents of misuse and, if necessary, take action that we consider appropriate to remedy misuse, which may include, but not limited to, suspension or termination of the relevant accounts.
As the industry leader, we take seriously our responsibility to lead the way - to ensure that we meet the highest compliance standards and to provide a level and fair playing field for all users. These efforts are crucial to further enhancing and safeguarding the integrity of our platform.
Reward for Reporting Misuse
In addition to technological enhancements, we are also establishing a channel for users to report any account misuse incidents they encounter (e.g., unauthorized selling of access to accounts).
Individuals that observe or suspect any cases of misuse are encouraged to report it to us. We will provide a reward for any verified case of account misuse. The reward amount will be determined on a case by case basis. Your support can make a significant impact and help improve our platform. If you would like to report a case of account misuse, please send an email to misuse-reporting@binance.com.
Together, we can ensure a compliant, fair and efficient platform for all.
Thank you for your support!
Binance Team
2024-06-27
Fellow Binancians,
We have recently detected instances where certain account features on our platform are being misused or exploited to gain unfair advantages, such as a better fee rate and higher API limits over other users.
Binance is committed to taking the necessary steps to ensure compliance, protect users, and maintain market integrity. We believe these are essential to reinforcing confidence in our exchange platform and the broader digital assets market. Our aim is to foster a healthy and sustainable market environment that always prioritizes the interests of all users.
That is why we have decided to take firmer action against the misuse of accounts.
Stricter Measures to Address Account Misuse
Our platform offers various account types, including sub-accounts, managed sub-accounts, and fund manager accounts, which all play an important role in diverse genuine use cases. However, these features also have the potential to be misused by bad actors that seek to circumvent our controls to either access or sell access to a better fee rate and higher API limits.
We consider any behavior involving unauthorized access to other users' accounts as a serious breach of our Terms of Use and KYC/KYB policy. Aside from being harmful to the fairness and efficiency that users expect from reputable platforms like Binance, such behavior detrimentally impacts the experience and diminishes the contributions of the overwhelming majority of users who play by the rules.
To ensure our account features are not being misused, we have further enhanced the monitoring of all account usage and related activities. We will investigate all potential or suspected incidents of misuse and, if necessary, take action that we consider appropriate to remedy misuse, which may include, but not limited to, suspension or termination of the relevant accounts.
As the industry leader, we take seriously our responsibility to lead the way - to ensure that we meet the highest compliance standards and to provide a level and fair playing field for all users. These efforts are crucial to further enhancing and safeguarding the integrity of our platform.
Reward for Reporting Misuse
In addition to technological enhancements, we are also establishing a channel for users to report any account misuse incidents they encounter (e.g., unauthorized selling of access to accounts).
Individuals that observe or suspect any cases of misuse are encouraged to report it to us. We will provide a reward for any verified case of account misuse. The reward amount will be determined on a case by case basis. Your support can make a significant impact and help improve our platform. If you would like to report a case of account misuse, please send an email to misuse-reporting@binance.com.
Together, we can ensure a compliant, fair and efficient platform for all.
Thank you for your support!
Binance Team
2024-06-27
1,437 BTC ($96.58M) Deposited to #Binance , Holding a Massive $505.66M in #BTC!💰
Just 2 hours ago, a whale deposited 1,437 $BTC (worth $96.58M) to Binance, adding to their already substantial holdings. The whale now holds a whopping 7,499 $BTC, valued at $505.66M.
Address: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN
Big moves are happening—keep an eye on this one! 🐋💰
#eyeonchain #Bitcoin❗
Just 2 hours ago, a whale deposited 1,437 $BTC (worth $96.58M) to Binance, adding to their already substantial holdings. The whale now holds a whopping 7,499 $BTC, valued at $505.66M.
Address: 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN
Big moves are happening—keep an eye on this one! 🐋💰
#eyeonchain #Bitcoin❗
🚨 Hackers Deposit 17,800 ETH ($42.7M) into Tornado Cash in the Past 3 Days
Three hackers have recently funneled large amounts of stolen ETH into Tornado Cash:
Penpiexyz Exploiter: Deposited 9,600 ETH ($23M) to Tornado Cash.
WazirX Exploiter: Deposited 7,200 ETH ($17.3M) to Tornado Cash.
Hacker of Fenbushi Capital's Bo Shen: Deposited 1,000 ETH ($2.4M) after stealing $42M from Bo Shen, the founder of Fenbushi Capital.
These transactions highlight an ongoing trend of using Tornado Cash for laundering funds post-exploit.
#eyeonchain #ETH🔥🔥🔥🔥 $ETH
Three hackers have recently funneled large amounts of stolen ETH into Tornado Cash:
Penpiexyz Exploiter: Deposited 9,600 ETH ($23M) to Tornado Cash.
WazirX Exploiter: Deposited 7,200 ETH ($17.3M) to Tornado Cash.
Hacker of Fenbushi Capital's Bo Shen: Deposited 1,000 ETH ($2.4M) after stealing $42M from Bo Shen, the founder of Fenbushi Capital.
These transactions highlight an ongoing trend of using Tornado Cash for laundering funds post-exploit.
#eyeonchain #ETH🔥🔥🔥🔥 $ETH
Whale Cashes Out on ETH, Books Quick Profit
A savvy cryptocurrency whale has managed to capitalize on Ethereum's recent price surge. Wallet address 0x315e7551736c3f2d851b58f07d4b9669d082b8f7, known as 0x315, has successfully exited its ETH position, netting a substantial profit.
Over the past 10 hours, the whale sold off its entire ETH holdings of 3,008 WETH for a total of 7.779 million USDT. This translates to an average selling price of $2,586 per ETH.
The secret to this whale's success lies in their impeccable timing. They acquired a significant portion of their ETH during the market downturn on August 5th, when the price was considerably lower at an average of $2,367. By offloading their holdings at the current higher price, the whale has secured a profit of approximately $659,000, representing a healthy 9.25% return on investment in just 11 days.
Interestingly, the whale also held a position in the memecoin PEPE. They sold their entire 420 billion PEPE tokens for 3.162 million USDT two days ago, realizing a modest profit of $30.9K. While not as substantial as the ETH gain, it still demonstrates the whale's ability to capitalize on market opportunities.
This episode highlights the potential for significant profits in the volatile cryptocurrency market. However, it's essential to remember that such returns are not guaranteed and involve inherent risks.
Would you like to analyze this whale's trading strategy further or discuss potential implications for the ETH market?
#ETH🔥🔥🔥🔥 $ETH #eyeonchain
A savvy cryptocurrency whale has managed to capitalize on Ethereum's recent price surge. Wallet address 0x315e7551736c3f2d851b58f07d4b9669d082b8f7, known as 0x315, has successfully exited its ETH position, netting a substantial profit.
Over the past 10 hours, the whale sold off its entire ETH holdings of 3,008 WETH for a total of 7.779 million USDT. This translates to an average selling price of $2,586 per ETH.
The secret to this whale's success lies in their impeccable timing. They acquired a significant portion of their ETH during the market downturn on August 5th, when the price was considerably lower at an average of $2,367. By offloading their holdings at the current higher price, the whale has secured a profit of approximately $659,000, representing a healthy 9.25% return on investment in just 11 days.
Interestingly, the whale also held a position in the memecoin PEPE. They sold their entire 420 billion PEPE tokens for 3.162 million USDT two days ago, realizing a modest profit of $30.9K. While not as substantial as the ETH gain, it still demonstrates the whale's ability to capitalize on market opportunities.
This episode highlights the potential for significant profits in the volatile cryptocurrency market. However, it's essential to remember that such returns are not guaranteed and involve inherent risks.
Would you like to analyze this whale's trading strategy further or discuss potential implications for the ETH market?
#ETH🔥🔥🔥🔥 $ETH #eyeonchain