Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Analysis: There is a connection between the outflow of funds from Multichain and the alleged bribery funds from FTX, as rumored online.
2023-08-04 17:21
Odaily News: Blockchain data analytics company Bitrace has reported that the address labeled as Multichain Suspicious Address 4 has transferred 1,023.8 WBTC (approximately $29.69 million) to 0x3c74, which then converted the assets into stablecoins and transferred them. Bitrace believes that these assets have been transferred to several exchange services, resulting in a significant amount of cash flowing back into the exchange. The outflow of funds is suspected to be associated with the alleged FTX bribery fund.