According to ChainCatcher news, monitored by on-chain analyst Yu Jin, an address suspected to belong to Continue Capital was marked by Arkham and lost 15,079 fwDETH (worth $35.98 million) due to phishing 7 hours ago.Subsequently, the phishing perpetrator quickly converted the stolen assets into safe assets by swapping DETH back to ETH. However, due to insufficient liquidity in the DETH pool, only 2,288 ETH was received in exchange for 14,079 DETH. The pool was completely drained, leading to a significant decoupling of DETH/WETH.The value of the stolen assets directly shrank by 85%: from $35.98 million to $5.5 million.

ChainCatcher news, according to a report from the People's Political Consultative Conference website, China News Service disclosed through Taiwanese media that a couple with the surname Li in Taichung is suspected of laundering money for multiple gambling groups, with the amount involved exceeding 1.6 billion New Taiwan dollars. The entire case has recently been prosecuted for money laundering and other crimes.Last September, the police uncovered a gambling operation disguised as an advertising company. An analysis of the seized evidence revealed that a 30-year-old man with the surname Li and his wife are suspected of laundering money for about seven gambling groups. Over the course of more than a year, the money laundering operation, under the guise of "high salary, easy work, no experience required," recruited members around the age of 20 and dispersed them to hide. They communicated daily through messaging apps to launder money, creating investigative breakpoints, and used virtual currency to quickly transfer illegal profits.The police revealed that they have currently transferred Li and others to the Taichung District Prosecutor's Office for investigation based on violations of the "Organized Crime Prevention Act" and gambling-related crimes, and have seized properties, including houses owned by the Li couple, totaling over 73.2 million New Taiwan dollars in illegal profits.

ChainCatcher news, Hong Kong digital coupon platform Mezzofy announced the completion of a $2 million Pre-A round financing, led by Isola Capital's fund IPVF VII, with participation from Ooosh Tech Lab and the Hong Kong government's Innovation and Technology Venture Fund (ITVF). The company stated that it will use the funds to support the accelerated launch of Web3 products and plans to utilize big data, artificial intelligence, and blockchain technology to make each digital coupon serialized and traceable.

ChainCatcher news, according to crypto KOL Wazz on the X platform, ETH has started to experience inflation in the past few weeks following the Dencun upgrade.The total number of transactions on the Ethereum mainnet has reached a new high, while the median transaction fee is close to historical lows, suggesting that the two have decoupled, indicating that Ethereum's scalability is now much higher.

ChainCatcher news, analysts from the data company CryptoQuant stated that the Dencun upgrade has made Ethereum inflationary again, which may undermine its low-inflation currency characteristics. Due to the Dencun upgrade, the amount of Ethereum burned has fallen to one of the lowest levels since the merge, when Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, and the supply of Ethereum is growing at the fastest daily rate since the network merge.CryptoQuant analysts noted that prior to the Dencun upgrade, higher network activity on Ethereum meant higher burning fees, resulting in a lower supply of Ethereum. However, after the Dencun upgrade, the total burning fees have decoupled from network activity.The report concludes that at the current rate of network activity, Ethereum is unlikely to experience deflation again, or it will require higher network activity to revive.

ChainCatcher news, according to Cointelegraph, a Paxos spokesperson stated that the recent decoupling of the stablecoin USDP was due to issues with pricing aggregators, rather than the protocol itself. These platforms obtain pricing data from trading platforms. Yesterday, the USDP price on certain trading platforms experienced significant fluctuations, affecting the price of USDP on pricing aggregators. Paxos does not control the market or trading activities of other trading platforms.

ChainCatcher news, Avalanche announced that Alipay has ordered the "Alipay+ D-store" solution and its partner e-wallet.It is reported that the Web3 coupons being used in this collaboration are supported by the Avalanche subnet and MUADAO, aiming to allow brands like Alipay to experience solutions powered by Web3 technology. The initiative is a two-step proof of concept (POC).The interactive mini-games and innovative NFT assets in the project are designed, developed, and supported for issuance by MUA DAO, which is an invested company of Avalanche. Users who participate in the mini-games and obtain MUA NFTs can showcase them on major metaverse platforms such as Decentraland, Molecule, and other platforms supporting MUAverse.Last year, MUA DAO also created an immersive metaverse experience for the Hong Kong government's Fintech Week, as part of its broader Cloudverse collaboration plan with AlibabaCloud. In the next phase, the three parties will focus on expanding Web2 merchants, targeting to cover over 100 million users in Southeast Asia.

ChainCatcher news, Bitget launches the Double Twelve financial management interest rate increase event, which is exclusively for new users. The event runs from December 8, 2023, 17:00 to January 8, 2024, 17:00 (UTC+8). Users can sign up on the event page to participate. The event includes new user registration, new users for financial management products, first-time subscription for structured financial management, inviting friends, and more, with a maximum of 66% APR interest rate increase vouchers and 2x returns on financial management.

ChainCatcher news, Cobo's institutional-grade DeFi investment management platform Cobo Argus has integrated Chainlink Price Feeds on the Arbitrum mainnet. Through this integration, Cobo Argus accesses reliable and tamper-proof price information provided by the decentralized oracle network Chainlink, enabling users to instantly withdraw funds when tokens decouple, preventing losses due to price fluctuations. In the GMX protocol supported by Cobo Argus, the withdrawal bot obtains real-time highly reliable prices through Chainlink, such as DAI, FRAX, USDC, USDT, and WBTC. Once a decoupling occurs, the bot will automatically execute token swaps or predefined on-chain operations to avoid fund losses. Cobo Argus is built on Safe{Wallet}, providing role-based on-chain access control, fine-grained risk management at the functional and parameter levels, and supporting advanced features with DeFi bots.

ChainCatcher news, the USDR issuer and RWA protocol TangibleDAO officially stated that the panic selling caused by the short-term redemption of DAI and the real estate liquidation timeline has led to a severe de-pegging of USDR. According to Coingecko data, on October 11, the real estate-backed, dollar-pegged stablecoin USDR (Real USD) has severely de-pegged, dropping to a low of $0.5, and the current USDR price has rebounded to $0.67.TangibleDAO also stated that to quickly restore the stablecoin price and user trust, a series of plans will be launched, including: the protocol-owned liquidity (POL) has been withdrawn from Pearl, USDR has been burned (the protocol cannot redeem it on its own), and as much as possible will be liquidated from the insurance fund. Existing liquid assets in the market and locked token positions will be sold. The remaining stablecoins from the POL and insurance fund sales will be provided to customers through the redemption process described below; a tokenized real estate pool will be launched, and after deployment, it will open for USDR redemption. TangibleDAO emphasized that once the above redemption process is completed, USDR will be deprecated.

ChainCatcher news, according to Cointelegraph, a couple from Melbourne inadvertently received AUD 10.5 million (approximately USD 6.6 million), and they will face a guilty plea trial for theft in October after spending the mistakenly received funds in 2021.In May 2021, Thevamanogari Manivel transferred funds into her partner Jatinder Singh's Crypto.com account. However, the exchange detected a discrepancy between the bank account and the exchange account. Therefore, the exchange initiated a refund, but instead of returning the AUD 100 that the couple attempted to deposit, it mistakenly transferred AUD 10.5 million into Manivel's bank account, a mistake that was only discovered during the exchange's annual audit in December 2021.After the exchange filed a lawsuit in the Supreme Court of Victoria, the judge ruled that the funds should be returned to the cryptocurrency trading platform. However, it is alleged that the couple had already begun to spend wildly before the error was discovered. Reports indicate that the couple purchased four houses, vehicles, and many other items, and transferred approximately AUD 4 million to a Malaysian bank account.Manivel, who was charged with theft, admitted to the crime in September 2023 and was sentenced to 18 months of community correction, including 6 months of intensive supervision and unpaid community work, after having been incarcerated for 209 days. Meanwhile, Singh will face a guilty plea trial on October 23.

ChainCatcher news, according to CGTN Europe, court records show that a couple accused of a $4.5 billion cryptocurrency money laundering case related to the Bitfinex hack has reached a plea agreement with U.S. prosecutors. (Source link)

ChainCatcher news, according to monitoring by 0xScope, since Multichain issued a statement, the decoupling of crypto assets on the Fantom chain has intensified. Currently, Fantom is turning to Layerzero as an alternative bridging solution.As of now, the trading prices on Fantom (based on Layerzero $USDC):BTC: $4,167;ETH: $402;USDC: $0.24;USDT: $0.16.Previous report, the Multichain team stated that Multichain CEO Zhao Jun was taken away by the police from his home on May 12 this year and has since lost contact with the Multichain team. After contacting the MPC node operators, the team learned that the project party's operational access keys for the MPC node servers had been revoked. These MPC node servers are actually running under Zhao Jun's personal cloud server account, and no member of the team has access to Zhao Jun's personal cloud server account, so no one can log into these MPC servers, forcing the team to cease operations. (Source link)

ChainCatcher news, Wintermute research head Igor Igamberdiev tweeted that wallets related to last year's TerraUSD (UST) depegging event may be linked to trading firm Jane Street. Igor Igamberdiev stated that Clearpool announced on May 3 last year that Jane Street borrowed $25 million USDC from BlockTower using their licensed lending pool, based on this, he identified three addresses belonging to the trading firm. Igor Igamberdiev only analyzed one of the wallets, A, as follows:Within two weeks after the Terra crash, wallet A received $15 million and repaid it to the lender along with an additional $10 million without any usage; invested $150,000 in Tonic DEX; and borrowed $25 million to deposit into a Coinbase wallet. Before receiving the $25 million from Jane Street, this Coinbase wallet received $84.5 million USDC from a UST depegger after a large exchange. Aside from the two mentioned deposits, this wallet had no other interactions, making it highly likely that they belong to the same entity. Igamberdiev noted that wallet A held UST on Anchor for a month, which does not necessarily imply malicious intent from Jane Street. (source link)

ChainCatcher news, according to monitoring data from Lookonchain, over 235,000 stETH were transferred to FTX in early June 2022. (0xd5c...8ba0) withdrew 110,286 stETH (approximately $216 million) from Anchor Protocol during the UST/LUNA collapse and transferred it to FTX on June 8. After that, stETH/ETH began to decouple. This address is likely to belong to SBF, but it cannot be confirmed.In addition, the Celsius wallet "0xf642" withdrew 224,949 stETH from Anchor Protocol on May 11 and transferred 50,000 stETH (approximately $7.38 million) to FTX on June 9. Amber Group removed a total of 83,380 stETH from Curve on June 10 and 11, transferring 74,941 stETH (approximately $110 million) to FTX.According to ChainCatcher's previous report, Three Arrows Capital founder Zhu Su tweeted that DCG and FTX conspired to attack LUNA and stETH. (source link)

ChainCatcher news, the skew of the USDD/3Crv pool on Curve continues to intensify, with USDD accounting for 86.10% (30,510,857 tokens), and the current exchange rate of USDD to USDC is 1:0.969392.Previous report indicates that the actual value of USDD collateral is less than 1.2 billion dollars, with over 40% being TRX. (Source link)