Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
The founder of STBL denied that the team was associated with a huge profit wallet and called the relevant allegations FUD
2025-10-21 11:40

Odaily Planet Daily reports that in response to blockchain analysis platform Bubblemaps' revelation that five interconnected wallets within the STBL token had accumulated profits of approximately $17 million, STBL founder Avtar Sehra stated that these wallets have no connection to the project team. He stated that on-chain records and independent analysis confirm that these five addresses were active long before STBL's launch and are typical opportunistic traders. Sehra emphasized that this was not a "team sell-off" but rather market manipulation by external parties. Bubblemaps later clarified that the wallets in question were not associated with the STBL team or insiders, and that both the project contract and the team wallets are publicly verifiable on-chain.