TOP 10 addresses transferred to Circle address in the past 2 weeks
Here is a general view of the TOP 10 addresses transferred to @circle address in the past 2 weeks.
— Bobie(?, ?) (@BobieLiu) November 29, 2022
We found @GenesisTrading @justinsuntron and @AlamedaResearch have been cashing out for a while
Powered by @ScopeProtocol Research Team
? pic.twitter.com/Yp7YElfaQS
The near-bankrupt @GenesisTrading:4101 and its highly connected address (highly connected with @AlamedaResearch and @BlockFi as well) have been cashing out about 500M in the past 2 weeks pic.twitter.com/XlR74A1R7l
— Bobie(?, ?) (@BobieLiu) November 29, 2022
Justin Sun deposited 172M $USDC into Circle and cashed out all of them. pic.twitter.com/km21DfoEdP
— Bobie(?, ?) (@BobieLiu) November 29, 2022
Alameda Research-related address effectively altruistically cashed out more than $130M $USDC not long time ago (they even did this today lol). pic.twitter.com/TEU2nYzPDU
— Bobie(?, ?) (@BobieLiu) November 29, 2022
And some rich anons cashed out 600M $USDC from 16th Nov to 29th Nov. pic.twitter.com/fnQzaUvnhR
— Bobie(?, ?) (@BobieLiu) November 29, 2022
More importantly, about 9 billion $USDC has been minted in the past 15 days. What a impressive number. pic.twitter.com/x2CkDnQKdl
— Bobie(?, ?) (@BobieLiu) November 29, 2022
EU hearing on FTX today
The EU Parliament hearing on the FTX collapse and implications for the EU is starting now.
— Patrick Hansen (@paddi_hansen) November 30, 2022
Follow the live stream here: https://t.co/G2mh9pfx6Y
EU Parliament MiCA lead @DrStefanBerger:
— Patrick Hansen (@paddi_hansen) November 30, 2022
"FTX is not the failure of blockchain technology, but the failure and hubris of one person."
"2 political demands.
— Patrick Hansen (@paddi_hansen) November 30, 2022
1. MiCA should be passed as quickly as possible
2. It is desirable that a large number of states take example of MiCA."
Alexandra Jour-Schroeder, Deputy Director DG FISMA:
— Patrick Hansen (@paddi_hansen) November 30, 2022
"We don't see FTX as a failure of crypto or blockchain per se, but as many failures of governance, controls, etc.
No company regulated under MiCA would be allowed to be organized this way"
Steffen Kern, Head of Risk Analysis & Economics, ESMA:
— Patrick Hansen (@paddi_hansen) November 30, 2022
"We currently see no significant risk of financial spill over into the wider financial sector. Interlinkages are comparatively limited, and the sector overall still comparatively small."
Jour-Schroeder, Deputy Director DG FISMA
— Patrick Hansen (@paddi_hansen) November 30, 2022
"What happened with FTX could lead to a tendency to move assets into personal wallets instead of holding them at exchanges, raising different kind of risks"
Kern, Head of Risk Analysis & Economics, ESMA
— Patrick Hansen (@paddi_hansen) November 30, 2022
"This market is by and large an offshore market. In many cases, we don't even know in which jurisdiction the assets are located, which doesn't make things any easier."
Is KuCoin bad too?
? For ideological reasons, I would recommend staying away from KuCoin.
— FatMan (@FatManTerra) November 30, 2022
Recently, KuCoin has unilaterally frozen client funds at the request of TFL. The accounts these funds were in did not belong to TFL.
This sort of behaviour is simply not okay and deserves reprimand.
I have no information about KuCoin's solvency, and the issue I've described above affects a tiny minority of customers. Regardless, I am ideologically opposed to exchanges being accessories to extortion from private parties, especially malicious actors like Do Kwon.
— FatMan (@FatManTerra) November 30, 2022
Freezing customer funds is only in the vicinity of reasonable when it is mandated by law. Period. Freezing customer assets because someone you are in bed with asks you to is not only not okay, but is deeply worrying, and should be categorically condemned.
— FatMan (@FatManTerra) November 30, 2022
These incidents have not been made public. I was able to privately review evidence confirming that these freezes did indeed take place & were at the behest of non-LE third parties. KuCoin used the freeze to extort the account holders into sending money to a specific third party.
— FatMan (@FatManTerra) November 30, 2022
KuCoin have been eager & helpful in their communications with me in the past. I requested comment from them on this issue several times over the past month. Since then, they have stopped replying & did not provide comment.
— FatMan (@FatManTerra) November 30, 2022
IMO, refrain from using KuCoin. This behaviour is dirty.
