Along the observation posts:

a) The total market value of BUSD has fallen below US$17 billion, shrinking by nearly US$6 billion in December

b) CZ: Doesn’t think India is a very crypto-friendly environment

c) The FBI is investigating the 3Commas data breach

Weird Tales of Sichuan:

The market value of BUSD, a stablecoin issued by Binance, has fallen to US$16.883 billion. Historical data shows that BUSD had a market value of US$22 billion in early December. Its market value has shrunk by nearly US$6 billion in the past month. The current trend of the market is very weak, and funds cannot be gathered in the short term. The continuous downward shock will continue to destroy investor confidence. A serious loss of chips is equivalent to a slow bleeding in the market. In the last day of the year, a large amount of chips will basically flee and wait for a more suitable time to seek entry opportunities.

Forward Observation Post:

a) SBF will be arraigned in New York next week

b) CZ: 3Commas has extensive API key leaks, please disable it immediately

c) Anonymous Twitter user leaks 3Commas database

Weird Tales of Sichuan:

The leak comes after dozens of 3Commas users claimed that their API keys were used to execute trades on exchanges such as Binance, KuCoin and Coinbase without their consent. According to previous news, 3Commas confirmed that users have lost at least $6 million to attackers since October, but according to users, the amount of losses has at least doubled in recent weeks. The security of the cryptocurrency industry is really worrying. So many security audits and so many security protection experts have not been able to solve the fundamental problems until now. The disadvantages of peer-to-peer transactions have also been initially revealed. Today, in the cold winter of the currency circle, it is undoubtedly a problem again. With a heavy blow, investor confidence has gradually lost. In addition, SBF is about to be arraigned in New York. It is time to bring an end to the FTX series of incidents.

Forward Observation Post:

a) FTX customers filed a class action lawsuit demanding a declaration that the digital assets held by the platform belong to the customers

b) The U.S. government launches an investigation into the hacker attacks that occurred after FTX went bankrupt

c) Mango attacker Avraham Eisenberg arrested in Puerto Rico

Weird Tales of Sichuan:

The issue of the ownership of the remaining funds after FTX's bankruptcy continues to ferment. The lawsuit requires the court to declare that the funds held in the FTX US account for U.S. customers, the funds held in the FTX Trading account for non-U.S. customers or other traceable customer assets Some funds are not FTX assets. According to the complaint filed in the U.S. Bankruptcy Court for the District of Delaware, the customer also wants the court to expressly determine that property held in Alameda that is traceable to the customer is not Alameda property. If the court determines that it is the property of FTX, then customers will seek a ruling that they have priority repayment rights over other creditors, and the capital of FTX's comeback is expected to be divided up by the federal court and given priority to investors. It is estimated that continued reports of such news will not trigger large-scale turmoil in the market. FTX is about to become a microcosm of the history of cryptocurrency, disappearing from the long and rugged path of exploration in the crypto world.

Forward Observation Post:

a) CZ: 9 reasons for “Binance FUD”

b) The number of Bitcoins held or lost reaches a one-month high

c) Affected by the winter storm in the United States, the Bitcoin network computing power dropped by more than 30%

Weird Tales of Sichuan:

The overall industry stimulus surrounding the current situation is already very low, and all the pessimism radiating towards investor confidence cannot cover up the global economic winter. Investors no longer have the passion of the past. The currency circle currently needs strict supervision, and what is even more needed is a support system that promotes healthy circulation in the industry. Regardless of the news, who is bankrupt? Who is being liquidated? It makes no sense to investors, and investors will face it bravely with an attitude of eating melons. As Liek grows up, his awareness of independent investment becomes stronger and stronger. Combining recent news and future support, Bitcoin should have a gorgeous crash against the external market news.