Key Highlights: Blockchain analytics firm Elliptic identified a novel money laundering scheme involving six custom-created memecoins used to disguise funds stolen from Binance. Attackers linked to North Korea laundered roughly 117,000 NEAR tokens, valued at approximately $430,000, through decentralized liquidity pools between November 5 and November 7. The illicit wash trading strategy involved buying and ...
Key Highlights North Korean cybercriminals are minting custom memecoins to launder digital assets linked to the $6.3 billion Binance exploit. Blockchain forensics firm Elliptic discovered that roughly 117,000 $NEAR tokens (worth approximately $430,000) were laundered through six bespoke memecoins created between November 5 and November 7. The illicit scheme involved wash trading across decentralized exchange ...
Key Highlights The Commodity Futures Trading Commission is reviewing unusual trading patterns on Kalshi involving nearly one million ether perpetual futures trades clustered around $5,500, representing over $5 billion in volume. Kalshi denies wash trading allegations, attributing the pattern to market makers maintaining fixed resting orders and hundreds of distinct traders participating in the transactions. ...
Key Highlights Analyst Beni alleges wash trading on Kalshi’s ether perpetual market, citing repetitive $5,500 trade sizes accounting for up to 58% of volume across four days as “undeniable proof” of manipulation. The allegations center on a CFTC-filed rebate schedule allowing Self-Clearing Members to trade at net-zero fees via a 0.3-basis-point maker rebate offsetting a ...