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Axis Robotics: The team and investors have not sold AXIS, recent sell-offs are suspected to involve OTC trading counterparties

Axis Robotics issued a statement regarding the massive sell-off of AXIS tokens from October 28 to 29, stating that no team or investor tokens were sold. The team, investors, and other locked allocations total 835 million AXIS, accounting for 83.5% of the total supply, and remain in a custody contract co-managed with Binance, with no tokens transferred out, and they will not be unlocked before the end of the 12-month lock-up period.The project party stated that the tokens sold this time came from a portion of the ecological allocation in the initial circulating supply, which was originally delivered through a single over-the-counter (OTC) trading counterparty, and the relevant written agreement includes lock-up terms. The project party believes that the trading model indicates that this counterparty may sell the tokens on the open market, which, if true, would violate the agreement. They have currently suspended further transactions with this counterparty and are reviewing the agreement with legal counsel to seek remedies; the remaining ecological tokens will only be distributed through on-chain custody mechanisms in the future.ChainCatcher previously reported that, according to on-chain detective ZachXBT, insiders from Axis Robotics (AXIS) obtained over 76 million AXIS tokens (worth over 12 million USD) from a multi-signature wallet, which were then sold off through a DEX, with some tokens transferred to Bitget exchange. As a result, the AXIS price plummeted by 40% in the past 24 hours.One insider sold 42 million AXIS tokens and currently holds over 5.04 million USDC across their 8 wallet addresses.

first_img The French Senate passed the bill on automatic exchange of cryptocurrency tax data

According to Cointelegraph, the French Senate has passed a bill authorizing the tax authorities to automatically exchange cryptocurrency transaction data with tax authorities in other countries. The bill completed its first reading on Tuesday and has been submitted to the National Assembly as Bill No. 3421 for review. The bill covers a cryptocurrency tax information exchange agreement and updates to the existing financial account information agreement, with the entire legislative process still needing to be completed.The cryptocurrency information exchange agreement is based on the Cryptocurrency Asset Reporting Framework (CARF) established by the Organization for Economic Cooperation and Development, setting common standards for participating jurisdictions to collect and automatically exchange cryptocurrency transaction information. France has introduced a cryptocurrency reporting obligation through the 2025 Finance Law, implementing the cryptocurrency reporting amendment in the EU Administrative Cooperation Directive DAC8, which requires cryptocurrency service providers to report customer identities and transaction data to tax authorities, who will then share this information with the tax authorities in the EU countries where the users are located.French lawmakers are also discussing adjustments to cryptocurrency taxation in the 2027 budget. The National Assembly passed an amendment on October 16, proposing to tax gains converted to partially pegged fiat stablecoins starting January 1, 2027; this measure has not yet become law, with a related vote scheduled for November 3.Faustine Fleuret, Global Head of Public Affairs at the lending protocol Morpho, stated that tax reporting under DAC8 involves sharing personal information such as names, addresses, tax numbers, and transaction volumes, raising data security concerns; the European Commission plans to establish a central repository for cryptocurrency reporting by the end of 2026. She also mentioned that in France, where cryptocurrency holders have been subject to personal attacks, the leakage of trader lists is primarily a security issue. CertiK data shows that out of 52 verified personal attack incidents globally in the first half of 2026, France accounted for 33.
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