Salinas Alleges $150M Fraud in Bitcoin Acquisition Plan
Mexican billionaire Ricardo Salinas alleges a $150 million stock-backed loan fraud, reportedly linked to a larger $400 million $BTC acquisition initiative. Salinas claims he was the victim of a fraudulent process during the procurement of this loan, intended to finance a portion of the planned cryptocurrency acquisition. Despite the allegations, $BTC's price remained at $67,870.00, showing no direct shift following the news.
Blockfills Halts Deposits, Seeks Buyer After $75M Loss
Crypto lending firm Blockfills has suspended all client deposits and is seeking a buyer after disclosing a $75 million financial loss, attributed to recent market volatility.
UXLINK Attacker Acquires $10.87 Million in ETH
The UXLINK attacker recently acquired 5,493.26 $ETH, valued at approximately $10.87 million, over a concentrated six-hour period. This marked a resumption of activity after nearly three months of inactivity from the exploiter. The attacker deployed 10.88 million $DAI, securing the $ETH at an average price of $1,981 per token. The funds involved are consistently linked to a prior exploit that targeted the UXLINK platform. Following these transactions, the attacker's wallet holds $21.42 million in $DAI.
The $UXLINK token reacted with a 1.95% decline on Bybit Spot (USDT Trades) within 15 minutes of the acquisition news, extending to a 9.67% decrease over a 60-minute period.
Coinbase's Base Shifts from Optimism Stack, $OP Plummets
The Optimism ($OP) token plummeted following reports that Coinbase's Base Layer 2 network plans to discontinue reliance on the Optimism Stack, opting instead for its own proprietary blockchain stack. This development caused $OP to lose nearly 30% of its value over seven days, with its price currently at $0.129611. Intraday trading saw $OP's 24-hour price changes range from -17.05% to -17.83%, including a 6.92% drop on Binance Futures within a recent 60-minute period.
$OP's 24-hour trading volume reached $645.14 million, with $1.96 million in liquidations. Open Interest stood at $82.43 million, and funding rates for $OP futures contracts turned negative (-0.2399% to -0.3092%). Sentiment for $OP turned bearish, with platform scores ranging from -39 to -65, and a Fear & Greed Index score of 8/100.