China News by Thebittimes.Com

The OM token from MANTRA DAO crashed over 90% early Monday, wiping out $5.36 billion, with the latest on-chain data suggesting insider transactions may have contributed to the free fall. Specifically, just five hours before the crash, a wallet that had been dormant for over a year transferred 2 million OM, then worth $12.58 million, to another wallet potentially linked to venture capitalist Shane Shin, according to the latest on-chain data retrieved by Finbold from Lookonchain on April 14. OM transactions linked to Shane Shin. Source: Arkham It’s worth noting that Shin, a venture capitalist at Shorooq Partners, has previously promoted MANTRA. However, there is no evidence of wrongdoing on his part. From 300x rally to 90% crash in minutes $5.5B in market value vanished as $OM imploded. pic.twitter.com/eQbeDrKm4o — CoinMarketCap (@CoinMarketCap) April 14, 2025 At the same time, data from crypto intelligence platform Arkham revealed that 17 wallets offlo...

Crypto influencer SolJakey claims to have fled the country after receiving death threats amid allegations of insider trading relating to Argentinian President Javier Milei’s ill-fated LIBRA token. SolJakey was discovered to have met Hayden Davis and his brother, and associated with Davis’ crypto firm Kelsier Ventures which helped launch the LIBRA token and Melania Trump’s MELANIA crypto token.  Then on February 15, he shared a long post defending key opinion leaders (KOLs) and insider trading which users didn’t take well. He also filmed a short bit pretending to be an insider trader. This appears to have rubbed some people the wrong way as SolJakey claims he started to receive death threats from individuals claiming to know his whereabouts on February 18. As such, he and his associates decided to move to an undisclosed location with a private pool.  Despite the rumours and accusations, I was not involved with any of the launches of “Kelsier Ventures” I was...

Holders of FTX’s FTT will be allocated 0.35% of the new Pudgy Penguins token PENGU, according to the NFT project’s distribution plan.  Pudgy Penguins announced the launch of PENGU early on Friday. A total of 88 billion tokens will distributed, with 17.8% allocated to the project’s team, 25.9% to NFT holders, and 12.35% to liquidity.  FTT holders will receive a share of 308 million tokens. Since the announcement, FTT rose by 7.7% to $3.75 before falling back to $3.39. However, roughly 13 hours beforehand, it had climbed 40%.  X user @DarkCryptoLord claims this pre-pump was a sign that “ someone’s committing crime in broad daylight ” and accused the Pudgy Penguins team of insider trading.  FTT holders??? Wow congrats for that insider trading pic.twitter.com/VeycGB8Ouh — Dark Crypto Larp (@DarkCryptoLord) December 6, 2024 @DarkCryptoLord believes FTT’s price action 13 hours before PENGU’s launch is a sign of insider trading. Read more...