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Investigative Report: 24-Hour Hacking News Shakes Crypto Market

In the rapidly evolving world of cryptocurrencies, security threats remain prevalent. Over the past 24 hours, several alarming incidents have unfolded in the crypto sphere, leaving investors and enthusiasts concerned. In this investigative report, we delve into the details of these incidents, shedding light on the actions of hackers and their impact on the market.

1. Justin Sun’s ETH Withdrawal & Binance Deposit:
Yesterday, a notable transaction caught the attention of crypto analysts. A wallet associated with Justin Sun, the prominent entrepreneur and founder of TRON, withdrew approximately 3,951 ETH from Lido and deposited a staggering 20,000 ETH (worth $36.2 million) into Binance. This move raises questions about Sun’s intentions and whether it may have any implications for the market.

2. FTX Accounts Drainers’ Cryptocurrency Holdings:
An alarming situation has emerged involving the labeled addresses associated with the FTX Accounts Drainers. As of today, these accounts hold a significant sum of $157 million worth of cryptocurrencies, primarily consisting of 95.75k ETH. The investigation reveals that the drainers have already transferred 90k ETH out of these accounts and have swapped 3.2k ETH for approximately 194.2 tBTC, a tokenized form of Bitcoin.

The drainers have also exchanged 86.75k ETH for around 4,823.7 BTC using Thorchain, a cross-chain liquidity protocol. Further observations show that 53 ETH has been sent to Railgun, adding complexity to the ongoing investigation and raising concerns about potential money laundering activities.

3. ZkFlexFinance Exit Scam:
Today, a case of an exit scam has been identified involving the ETH address 0x54855D3133669B7EF54A2c962F5f63fdb44bBaE9, associated with the defunct project ZkFlexFinance. This address has experienced a significant decrease in value, dropping by 100%. Disturbingly, the project’s social media accounts and websites no longer exist, leaving investors in a state of uncertainty. Additionally, another address, 0x84f90, has been identified as dumping tokens associated with ZkFlexFinance, resulting in a profit of approximately $56k.

4. Price Slippage on DogeX:
The Binance Smart Chain-based token DogeX (DOGEX) has recently experienced a price slippage incident. The deployer of the token, associated with the address 0x1B9DFbf6136A0f1BC252ce23BF9A19e38E5fd6e5, withdrew approximately $303k worth of USDT from the liquidity pool. This unexpected action has raised concerns among investors about potential manipulation and fraudulent behavior.

5. Flash Loan Exploit on pSeudoEth Contract:
Another worrying event occurred involving an attack on the pSeudoEth contract, associated with the Ethereum address 0x62aBdd605E710Cc80a52062a8cC7c5d659dDDbE7. An attacker successfully executed a flash loan exploit, acquiring approximately $2.3k. This incident highlights the vulnerability of smart contracts and emphasizes the need for robust security measures within the crypto ecosystem.

The past 24 hours have witnessed several concerning events in the crypto world, involving prominent individuals, suspicious transactions, exit scams, and security breaches. The implications of these incidents on the market and investor trust remain uncertain. As the investigation progresses, it is vital for investors and industry participants to stay informed, exercise caution, and demand enhanced security measures to safeguard their assets.

Disclaimer: The information mentioned in this report is based on publicly available data and should not be considered financial advice. Cryptocurrency investments carry inherent risks, and readers should conduct their own research before engaging in any investment activities.

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