Security: FOMO routing warning, NK laundering on NEAR, Cupsey probe
Several security and trust warnings hit the Solana/onchain trading scene, including FOMO's Elysium routing, North Korean laundering via NEAR meme coins, and Bubblemaps' investigation into Cupsey.
What we know
An account on X warned that FOMO routes Elysium tokens through malicious or illiquid pools. Another account on X cited Elliptic on North Korean launderers using NEAR meme coins to move funds stolen from Binance (~117K NEAR). Another account on X alleged Cupsey extracted $1.7M via side wallets. @cz_binance called a data-for-sale claim an obvious scam.
How the story developed
Several security and trust warnings hit the Solana/onchain trading scene, including FOMO's Elysium routing, North Korean laundering via NEAR meme coins, and Bubblemaps' investigation into Cupsey.
Elliptic says North Korean hackers are creating throwaway memecoins and using DEX pools to launder proceeds from the $6.4B Binance hack. Separately, Mercado Bitcoin is recovering from a ~$50M hack.
Sen. Blumenthal demanded Binance, Tether and Trump-family crypto firms comply with a probe or face other measures.
Sahil Arora alleges Justin Sun paid roughly $4M to celebrities to promote TRX and BTT, then sold into the pumps. The claims are unproven.
Traders debate whether BTC is near a bottom, citing swept range lows and the 2023 analog, while long-term bulls target $250K. Memecoin sentiment is poor.
Crypto is falling alongside equities, with traders debating whether BTC holds $69-75K. Trump Media's reported BTC sale and Core Scientific's mining exit add pressure.
Trump Media sent ~$344M of BTC to Crypto.com, midterms cloud the Clarity Act, and hack aftermath continues.
Sen. Mark Warner, a Clarity Act negotiator, won reelection; Tether reportedly holds ~150K BTC; Tempo Zones targets bank onchain adoption.
Tether's CEO says the company holds about 150,000 BTC ($11.5B), roughly 50k more than its latest reserve report shows. Bitcoin has ranged for nearly 3 months.
Tether's CEO says it owns about 150,000 BTC (over $11.5B). Separately, an unverified post claims Justin Sun is financially stretched via a TRX/USDD loop.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.