Recently an anonymous investor swapped approximately 131,350 USDR worth of coins to 0 USDC. This could be a consequence of #USDR losing its peg on Wednesday.
Token , a user Furthermore, this person also had to pay 0.0012 BNB (0.25 USD) in Gas Price.
USDR is a stablecoin backed by real estate (Real World Asset) and some cryptocurrencies, which are considered liquidation and volatile assets. The coin experienced serious devaluation from 1 USD to 0.5 USD on the evening of October 11, due to the impact of a sudden wave of withdrawals.
After USDR lost its fixed price of 1 USD on October 11, this person may have sold off and unfortunately encountered an error when processing the transaction.
“Due to the loss of the USDR stablecoin peg, this person accidentally swapped 131,350 USD USDR into 0 USD #USDC during the USDR sell-off,” Lookonchain wrote on X.
“And a MEV bot successfully made a transaction taking advantage of the difference in value of 107,000 USD,”
The exact cause of this incident is still unclear, however, the reason may be because of the balance in the number of Token in the trading pool.
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Elliptic "The person behind the #FTX hacking is believed to be a Russian-linked organization"
Blockchain analysis company Elliptic announced on the 12th (local time) that there is a high possibility that a Russian organization was behind the exchange hacking incident that occurred during the collapse of cryptocurrency exchange FTX last year.
Elliptic made this estimate by revealing a detailed timeline of the on-chain movement of stolen assets.
Most of the assets stolen from FTX were moved to Bitcoin and passed through the mixing service 'ChipMixer', which makes tracking difficult.
Elliptic explained, "As a result of tracking, a significant portion of the stolen assets were sent to the exchange along with funds from Russian-linked criminal organizations such as ransomware and darknet markets," adding, "This suggests that brokers or other intermediaries related to Russia are involved." did.
The founder of FTX raised questions about internal suspicions that he had embezzled funds. The analysis firm said, “At 3:41 PM (EST) on the 4th of this month, when Bankman Fried was in court without internet access, $15 million in stolen cryptocurrency was moved from FTX.”
Hackers stole 9,500 ETH on November 11 last year, when FTX filed for bankruptcy protection, and subsequently stole assets totaling $477 million, including Pax Gold (PAXG), Tether (USDT), and Rapt Bitcoin (WBTC).
Although authorities succeeded in freezing some assets, most were swapped to other cryptocurrencies or moved to other blockchains within a matter of days. “This makes it more difficult for hackers to track assets and provides greater access to money laundering services,” Elliptic explained.
On November 20, the hacker transferred 65,000 ETH to Bitcoin using 'RenBridge', which is linked to FTX trading affiliate Alameda Research, and then transferred the funds to Chip Mixer. Chip Mixer was shut down by the U.S. Department of Justice earlier this year.
After 9 months, another 72,500 ETH was transferred to Bitcoin via THORSwap. TorSwap later discontinued the interface due to concerns about money laundering.

Terraform Labs contends Citadel Securities had a hand in its #stablecoin collapse
Do Kwon-founded Terraform Labs has again pointed the finger at market maker Citadel Securities for its role in an alleged “concerted, intentional effort” to cause the depeg of its stablecoin in 2022.
On Oct. 10, Terraform Labs filed a motion in the United States District Court in the Southern District of Florida to compel Citadel Securities LLC to produce documents relating to its trading actions in May 2022, around the time its stablecoin, now known as #TerraUSD Classic (USTC), depegged.
It contends the May 2022 depeg, when the asset crashed from $1 to $0.02, was caused by "certain third-party market participants” intentionally shorting the stablecoin, as opposed to instability in its algorithm.
“Movant [Terraform] contends that the market destabilization that occurred did not result from instability in the algorithm underlying the #UST stablecoin,” said the firm in its motion.
The motion also cites “publicly available evidence” suggesting that Citadel head Ken Griffin intended to short the stablecoin around the time of the depeg.
The filing cited a screenshot from a Discord channel chat in which a pseudonymous trader had lunch with Griffin, who allegedly said “They were going to Soros the f out of Luna UST,” presumably in reference to George Soros' trading strategies — centered around highly leveraged, one-way bets.
Citadel Securities has however previously denied trading the #TerraUSD stablecoin in May 2022, according to Forbes.
Cointelegraph contacted Citadel for additional comment but did not receive an immediate response.
In its motion, Terraform argues that the documents are crucial for its defense in the lawsuit filed by the U.S. Securities and Exchange Commission in February, which alleges Terraform Labs and its founder, Do Kwon, had a hand in “orchestrating a multi-billion dollar crypto asset securities fraud.”
“This defense will be substantially impaired if Citadel Securities is successful in withholding this limited information,” it stated.

#Binance listed BIGTIME - GameFi token increased 400% in 48 hours
According to Wu Blockchain, on the evening of October 12, 2023, the leading cryptocurrency exchange Binance will open futures trading with 20x leverage for BIGTIME, the token representing the project #GameFi Big Time - announced. listed collection #NFT on Binance NFT Marketplace in 2021.
Notably, Binance will only open futures trading and not list spots for BIGTIME tokens, the same thing happened with BLUR - the token of the NFT Marketplace Blur platform.
Binance's announcement said that futures contract trading of the BIGTIME/USDT pair will open at 9:30 pm on October 12, 2023 Vietnam time.
According to research, Big Time is a AAA standard multiplayer online role-playing game (MMORPG) built on the Ethererum blockchain. The game has a fast combat system with an open economy based on the Play-to-Earn (P2E) model, where players will use their warriors to fight to win items in the form of NFTs and valuable rewards. treat.
The project raised 21.3 million USD in two rounds of capital with the participation of many large investment funds, including: FBG Capital, North Island Ventures, Digital Currency Group, OKEx Blockdream Ventures, Alameda Research, Circle Financial ...
Token #BIGTIME , although only officially launched on October 11, 2023, has been listed for spot trading on most major CEX exchanges, including: #Coinbase, OKX, MEXC, KuCoin, Bitget...
Although it appeared for less than 48 hours, BIGTIME's price has skyrocketed more than 400% in just two days, October 11-12, 2023, despite the cryptocurrency market witnessing a slight decline due to information surrounding the crisis. The conflict in Israel affects many project developers in this area.
At the time of writing, BIGTIME is trading at 0.235 USD, an increase of nearly 5 times compared to the time of listing.

Uniswap launches mobile cryptocurrency wallet for Android
Leading decentralized exchange Uniswap released its mobile cryptocurrency wallet for Android on Thursday, months after launching its iOS version.
The app is currently in beta while the company invites members of the DeFi community to help the app test the wallet before releasing it more widely to users. According to Uniswap's X account, about 35,000 users have signed up for the waitlist.
Along with the beta launch, the Uniswap Labs team will also open source the code as part of the Trail of Bits testing process. Trail of Bits is a cybersecurity company that provides blockchain testing services and develops Web3 tools to identify and fix vulnerabilities in smart contracts and other pieces of code.
Bridgett Frey, a spokesperson for Uniswap Labs, said the Android app will launch in beta today to “ensure that any issues are resolved” as the company onboards new users, with a wider release expected. expected before the end of this year.
According to the Uniswap team, the newly announced wallet comes with a set of features that the company says “makes for a great swap move.” A blog post announcing the launch of a beta version of the app promises split-second swaps, easy discovery of new tokens, and transparent pricing that highlights fees that are not easy for traders. easy to see clearly.
Another feature is automatic switching between blockchain mainnets, like Ethereum, and layer 2 extension networks like Optimism or Arbitrum.
For users who want to swap between layers, Uniswap Labs says the Android wallet will automatically guess the desired target and perform the conversion. It will provide access to #Arbitrum,  #Polygon,  #Optimism,  #Base  and #BNB Chain.

#MyFirstSquarePost Hello, Binance Square!