LianGuai Daily | Hong Kong police take action against money laundering activities, including cryptocurrencies; Social platform OnlyFans has purchased about $20 million worth of ETH.

Hong Kong police crack down on money laundering, including cryptocurrencies; OnlyFans buys $20 million worth of ETH.

Today’s Highlights:

1. Hong Kong police launch anti-money laundering operation involving HKD 470 million, including the buying and selling of cryptocurrencies

2. BitBrowser users’ private keys leaked, causing losses of at least USD 410,000

3. Paradigm launches browser extension wallet Rivet

• Weekly Preview | Hong Kong Exchange HashKeyExchange begins to serve retail investors; Optimism and Hedera will unlock tokens worth tens of millions of dollars
• Review of the PEPE dumping incident Is it a case of uneven distribution of profits or a premeditated run?
• What is Layer2, the source of controversy within the Ethereum community?

4. Social platform OnlyFans purchases approximately USD 20 million worth of ETH, with a depreciation loss of over USD 8 million as of the end of November last year

5. The third largest holder of Bitcoin is the Robinhood custodial address controlled by Jump

6. Curve founder proposes raising transaction fees for crvUSD core pool from 0.01% to 0.02%

7. CZ: A new round of phishing attacks targeting FTX, BlockFi, and Genesis users has begun due to Kroll data leak

Regulatory News

Hong Kong police launch anti-money laundering operation involving HKD 470 million, including the buying and selling of cryptocurrencies

According to Sing Tao Daily, Hong Kong police launched an anti-money laundering operation this month, arresting 458 individuals suspected of money laundering and related crimes in 314 cases, involving a total of HKD 470 million. During the operation, the police successfully intercepted over HKD 16 million in criminal proceeds. The police stated that money laundering syndicates enticed local and foreign individuals to sell bank accounts for HKD 300 to HKD 1,500 to be used for laundering proceeds from various frauds. From October last year to June this year, the syndicate allegedly laundered up to HKD 110 million in criminal proceeds through cash withdrawals and the buying and selling of cryptocurrencies. In addition, members of the money laundering syndicate invited some of the arrested individuals to surrender their identification documents and take selfies with their mobile phones, and then privately helped them open virtual bank accounts.

NFT

Project Updates

BitBrowser users’ private keys leaked, causing losses of at least USD 410,000

0xAA, a core developer of PeopleDAO, tweeted that BitBrowser issued a notice admitting that server cache data may have been breached and a police report has been filed. Wallets of users who enabled extension data synchronization are at risk of being stolen, and it is recommended to take immediate action to transfer wallet assets. Subsequently, SlowMist Cosine tweeted that the BitBrowser users’ private key leak has caused losses of at least USD 410,000. Several members of the crypto community reported yesterday that their private keys had been stolen, speculating that this situation may be caused by the use of the BitFingerprint browser.

LianGuairadigm launches browser extension wallet Rivet

LianGuairadigm has launched a wallet tool called Rivet for developers. Rivet is a browser extension wallet that allows users to connect to any Ethereum application, supporting the management of multiple addresses, signing and submitting transactions, and viewing transaction history, among other features. Unlike general wallets, Rivet is designed specifically for developers, allowing them to conduct in-depth testing, debugging, and modification in DApps. Rivet is the “DevTools for Ethereum,” similar to “React DevTools” or “Developer Tools” in browsers.

CZ: Due to the Kroll data leak, a new round of phishing attacks targeting FTX, BlockFi, and Genesis users has begun.

Binance founder Zhao Changpeng (CZ) stated on the X (formerly Twitter) platform that a new round of phishing attacks targeting FTX, BlockFi, and Genesis users has begun due to the Kroll data leak (apparently as a result of an employee changing SIM cards). CZ reminded users to learn how to protect themselves and understand phishing attacks.

Previously, it was reported that Kroll, the bankruptcy claims agent for FTX, was attacked, and non-sensitive client data of some claimants was leaked. FTX has taken preventive measures against the Kroll cybersecurity incident and temporarily frozen affected user accounts. In addition, BlockFi claimant data was also leaked in the Kroll attack.

Curve founder proposes increasing the transaction fee of the crvUSD core pool from 0.01% to 0.02%.

Curve founder Michael Egorov initiated a proposal on the governance forum to increase the transaction fee of the crvUSD core pool from 1 bps (i.e., 0.01%) to 2 bps (i.e., 0.02%). This move will bring more trading revenue to Curve and increase the difficulty of manipulating the price oracle (EMA).

Important data

Data: Curve founder mortgages 14.15 tBTC and borrows over 261,005.2 crvUSD

On-chain data shows that Curve founder Michael Egorov’s address mortgaged 14.15 tBTC and borrowed over 261,005.2 crvUSD.

Social platform OnlyFans purchases approximately $20 million worth of ETH, with a devaluation loss of over $8.5 million as of the end of November last year.

According to OnlyFans’ financial report on a foreign social platform, OnlyFans has invested part of its funds in ETH, purchasing 19.889 million USD worth of ETH. As of November 30, 2022, there is a devaluation loss of $8.455 million at fair value, with a book value of $11.434 million.

On-chain analyst Yu Jin: OnlyFans may hold approximately 9,000 ETH with a floating loss of about $5 million.

Regarding the purchase of $19.889 million worth of ETH by the social platform OnlyFans, as of November 30, 2022, there is a devaluation loss of $8.455 million at fair value, with a book value of $11.434 million. On-chain analyst Yu Jin analyzed that as of November 30, 2022, the price of ETH was approximately $1,270, which means OnlyFans holds about 9,000 ETH. Based on 9,000 ETH, the purchase cost is $19.889 million, with an average purchase price of $2,210. According to the current ETH price of $1,650, the current value is $14.85 million, resulting in a floating loss of $5 million (approximately a loss of 25%).

Data: Huang Licheng buys over 154,570 APE, and accumulated a purchase of 3.13 million APE in August.

According to Lookonchain monitoring, Huang Licheng spent 135 ETH (approximately $222,000) to purchase 154,570 APE today. In August, Huang Licheng accumulated a purchase of 3.13 million APE, with an average price of $1.73. Among them, 2.5 million APE was extracted from Binance at a price of $1.8 (approximately $4.5 million), and 631,000 APE was purchased from DEX at a price of $1.5.

The third largest holder of Bitcoin is the Robinhood custodial address controlled by Jump.

According to Arkham data, the current third largest holder of Bitcoin is the Robinhood platform custodial address controlled by Jump Trading. Over the past three months, a total of 118,300.2 BTC (worth approximately $3.08 billion) has been transferred to this address. The first and second largest Bitcoin holders are Binance and Bitfinex, respectively.

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