ChainCatcher news, Bubblemaps released an investigation on developer Sahil Arora, stating that Sahil has cashed out approximately $26.4 million from early 2024 to now (referring to sending funds to multiple CEXs).Crypto detective ZachXBT indicated that this calculation seems incorrect, and Sahil could not have earned $26 million, urging a check on the liquidity of these tokens. It is estimated that he earned at most less than $5 million, possibly only $2-3 million.ZachXBT mentioned that he found an issue in the investigation, stating that Bubblemaps should not consider a hot wallet from the exchange Poloniex as belonging to Sahil. However, Bubblemaps stated that they conducted a thorough check on this wallet and confirmed it is not the exchange's hot wallet. Currently, there has been no conclusion in the discussions between the two parties.

According to ChainCatcher news, as reported by Wu said Blockchain, several insiders revealed that the Poloniex exchange, which Sun Yuchen acquired from Circle in 2019, will merge with the Huobi exchange he recently acquired, and the personnel from both sides have already begun integration. Coingecko shows that Poloniex's daily spot trading volume is only 1/10 of Huobi's. Sun Yuchen's side responded that the P network brand will continue to exist. (source link)

ChainCatcher news, according to Coingape, the cryptocurrency exchange platform Poloniex announced that it will suspend the deposit and withdrawal functions for Stablecoins on the BEP20 (BSC) network starting from November 24. This includes USDT, USDC, TUSD, and BUSD. (source link)