Home > Quick > Body

South Korea's Financial Supervisory Service is investigating various abnormal transactions, including AVAIL on Bithumb

clock
2024-10-17 05:44:08
On October 17, the head of the South Korean Financial Supervisory Service, Lee Bok-hyun, said in an audit of the National Assembly Political Committee on the 17th that "we are investigating the issue of AVAIL coins traded on Bithumb". Avail soared to 3,500 won in 15 minutes after going live at 263 won on July 23, but fell to 296 won less than a day later, raising suspicions of price manipulation.
In response, Min Byoung-dug, a lawmaker from the Democratic Party of Korea, said, "This AVAIL token incident means that Bithumb's own abnormal trading system is not working at all. Bithumb said that only transactions that account for more than 5% of the total issuance will be considered abnormal transactions."
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.

7x24 Newsflash

05:59 2025-03-25
Mt. Gox address recharged 0.000017 BTC to Kraken 10 minutes ago or for testing
On March 25th, according to the data analyst @ai_9684xtpa on the chain, 10 minutes ago, the Mentougou Mt. Gox address transferred 0.000017BTC to the Kraken recharge address, or for testing; another 893.41 BTC has been transferred to the new address 1FodP... b28DB, no further transfer.
05:55 2025-03-25
Lofty, a decentralized storage product based on Irys, is officially launched, and users can get 10GB of space for free
On March 25th, Lofty, a decentralized storage product launched by on-chain data developer Irys, was officially launched. Users can get 10GB of space for free by connecting their wallets (and can later pay USDC to expand unlimited space).
05:43 2025-03-25
Mt. Gox Hot Wallet Transfers 893 BTC Worth Over $77.36 million
On March 25th, the data on the chain showed that at 13:30 Beijing time, Mt. Gox hot wallet (1Jbez) transferred 893.417 BTC to the address 1FodPLS4pkAqh8vtyLteDkTtD1yLfb28DB, which is about 77.36 million dollars at the current price.
05:40 2025-03-25
Opinion: After the tariff issue is resolved, BTC may attract more capital inflows, and the market's bearish factors may have been digested
After the Federal Reserve announced that it would slow down its balance sheet, Bitcoin rebounded from below $83,000 and briefly exceeded $88,000. Some analysts believe that the market volatility may soon subside, and many bearish factors may have been digested by the market. Sina G., co-founder of 21st Capital, said that market uncertainty around tariffs and government spending may be resolved in the coming weeks, and the market focus may shift to tax cuts, deregulation and interest rate cuts, w...
05:22 2025-03-25
Bloomberg analysts: Bitcoin is currently overvalued relative to gold, and may usher in a "major reset"
Bloomberg senior commodity strategist Mike McGlone said that the price of bitcoin relative to gold may have peaked and may now be about to experience a major reset. He pointed out that the bitcoin-to-gold ratio (that is, how many ounces of gold are equal to 1 BTC) peaked at 40 times in 2024, which means that a bitcoin is worth 40 times an ounce of gold. However, McGlone seems to think that this situation may not be sustainable and will likely be reversed in 2025. Overall, McG...
05:13 2025-03-25
ZachXBT questioned Crypto.com reissued and destroyed CRO, saying that its behavior is similar to fraud
ZachXBT, a detective on the chain, published an article saying that the Crypto.com team recently re-issued 70 billion CRO tokens that it had promised to "permanently destroy" in 2021, accounting for 70% of the total supply. This move seriously violated the community consensus, because the team controlled most of the tokens in circulation. ZachXBT criticized the behavior as being similar to fraud and questioned why Truth still chose to cooperate with it instead of other platforms such as Coinbase...
05:04 2025-03-25
Binance Announces BNSOL Super Pledge to Launch Phase 7 Project Solv Protocol (SOLV)
On March 25th, according to official news, Binance announced that the BNSOL super pledge will be launched in the seventh phase of the project Solv Protocol (SOLV). From 2025-03-2700: 00 (UTC) to 2025-04-1023: 59 (UTC), users who hold BNSOL in their Binance account or Binance wallet or pledge SOL as BNSOL will receive SOLV APRBoost airdrop rewards respectively.
04:40 2025-03-25
Vest Labs completes $5 million seed round financing, with participation from Amber Group and QCP Capital
Vest Labs, a financial infrastructure company based on real-time risk pricing, announced the completion of a $5 million seed round of financing, with participation from Jane Street, Amber Group, Selini Capital, QCP Capital, and Big Brain Holdings. The new funds will be used to support its construction of real-time, verifiable risk pricing models based on zero-knowledge proofs to improve financial marekt transparency and efficiency. It will also launch a perpetual futures trading platform that su...
04:37 2025-03-25
Trump Media Technology Group plans to launch a series of ETF products in cooperation with Crypto.com
On March 25th, Trump Media Technology Group announced a non-binding agreement with cryptocurrency exchange Crypto.com to collaborate on the launch of a series of exchange-traded funds and related products. These ETFs are expected to include digital assets and securities with a focus on American manufacturing, covering different industries such as energy. They are scheduled to be launched later this year, subject to regulatory approval.
04:18 2025-03-25
The Ethereum spot ETF had zero inflows yesterday, maintaining a stable state
According to SoSoValue data, on March 24, Eastern Time, nine Ethereum spot ETFs had no net inflow or outflow throughout the day, showing zero change. At present, the total net asset value of Ethereum spot ETFs is $7.17 billion, accounting for 2.85% of the total market value of ETH, and the cumulative historical net inflow is $2.42 billion.
04:18 2025-03-25
Taichung father and son opened a counterfeit money shop to launder money 3.10 billion New Taiwan dollars, prosecutors ask for 20 years in prison
On March 25th, according to a recent report in the United Daily News, (Taiwan) Taichung Zhou father and son cooperated with overseas fraud groups to open 10 virtual currency stores in Taiwan for USDT money laundering, involving up to 3.10 billion New Taiwan dollars, and more than 1,000 victims. The Yunlin District Prosecutor's Office prosecuted 17 people for aggravated fraud and money laundering, and sentenced the main suspect Zhou Hongwei and others to 20 years in prison.
04:05 2025-03-25
Media: US-Russia joint statement to be announced at 16:00 Beijing time
On March 25th, according to CBS (CBS), sources said that after the Saudi talks on the Black Sea ceasefire agreement, the United States and Russia are expected to issue a joint statement. The statement is scheduled to be released at 4:00 am Washington time and 11:00 am Moscow time (16:00 Beijing time) on Tuesday. While the details of the statement are not clear, the report shared by the US technical team in Saudi Arabia with the Trump administration appears optimistic, and one of the sources said...