At 12:06 p.m. on May 13, @whale_alert tweeted out a warning that 137 ETH stolen from the South Korean Upbit exchange last November had been transferred to a wallet address on Binance. Of course, there's another 341,863 ether still missing.
Cryptocurrency exchange Binance jumped into bitcoin mining business today, announcing the launch of Binance Pool. The move comes only weeks before the third “halving” will reduce the reward for mining a Bitcoin block from 12.5 BTC to 6.25 BTC—an event that has preceded big price increases in the past.
Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.
Months after finally admitting he was a part of the group that snapped up Poloniex late last year, Tron founder Justin Sun appears to be using the once-dominant cryptocurrency exchange’s reputation to boost the credibility of his week-old stablecoin.