The Bitget hacker has moved $19.48 million in 52 transfers, almost entirely in Bitcoin, as Arkham tracks fresh outflows from wallets linked to the exchange’s September breach.
Summary
Arkham tracked $19.48 million across 52 transfers, with Bitcoin accounting for $19.33 million. Hacker-linked wallets sent $78.01 million to new addresses between Oct. 15 and Oct. 23. Arkham valued remaining labeled holdings at $242.54 million, mostly held in Bitcoin. The latest transfers’ destinations remain unidentified, leaving potential laundering unconfirmed. Arkham put the transfers between 10:02 UTC on Oct. 21 and 02:48 UTC on Oct. 24, with Bitcoin accounting for $19.33 million and ETH making up the rest. Its thread said almost all the funds went to new addresses.
The blockchain intelligence firm framed its update as a question.
“Is the Bitget Hacker laundering the stolen funds?”
Arkham’s posts do not name an exchange, mixer, or over-the-counter desk receiving the latest transfers. The update documents money leaving labeled wallets, without establishing whether those assets were sold, cashed out, or recovered.
Bitget hacker movements total $78 million since Oct. 15 Across a longer reporting window, Arkham said the attacker had sent $78.01 million to new addresses since Oct. 15. Its daily breakdown showed $23.31 million moving on Oct. 15, followed by $8.68 million on Oct. 16 and $1.15 million on Oct. 17.
Another $10.51 million moved on Oct. 18. After no recorded movement on Oct. 19, the firm listed $15.13 million on Oct. 20, $11.74 million on Oct. 21, $184,160 on Oct. 22, and $7.3 million on Oct. 23.
The dates in Arkham’s opening post cover 64 hours and 46 minutes. A later post in the same thread described the $19.48 million as moving over “the past 48 hours,” leaving a mismatch between its shorthand description and the precise timestamps.
Using the firm’s rounded asset figures, Bitcoin represented approximately 99.2% of that $19.48 million. The implied ETH component was $150,000, although Arkham did not provide an exact token quantity in the opening post.
Arkham’s remaining balance uses a $350 million baseline In its thread, Arkham valued the hacker’s remaining labeled holdings at $242.54 million, including 2,960.01 BTC worth $241.99 million. It listed smaller balances on Ethereum, Hypercore, Solana and Tron.
The firm described that balance as 69% of a $350 million theft. Bitget’s own accounting puts the incident at approximately $387.5 million, after revising its initial $351.6 million estimate.
In its Sep. 25 recovery notice, the exchange said the revision included Zcash and TRON assets omitted from the first calculation. Bitget attributed the change to a more complete classification of the original transfers and said it did not represent further theft.
Against Bitget’s $387.5 million estimate, Arkham’s $242.54 million snapshot equals approximately 62.6%. Neither percentage establishes how much has been recovered, because the figures compare remaining labeled holdings with dollar estimates from the original incident.
Arkham data shows $239.34 million, including approximately 2,958 BTC valued at $238.79 million.
Source: Arkham Earlier tracing identified CoinJoin and cross-chain routes Fund movements linked to the attack began before October. As crypto.news previously reported, AMLBot traced roughly four BTC into CoinJoin in September, describing the activity as an apparent effort to obscure stolen funds.
AMLBot’s account followed assets from TRON into USDT, across to Ethereum through USDT0, and through ETH swaps and THORChain before they reached Bitcoin. The firm said approximately 4.59 BTC emerged from that route before the Bitcoin was split into smaller amounts.
Independent tracing by Bitquery documented other September conversions through THORChain and Chainflip. Its investigation matched 66 swaps to 126.71 BTC in payments by 14:38 UTC on Sep. 25, while identifying two swaps still waiting at that snapshot.
Those historical routes do not establish the destinations of Arkham’s latest transfers. The October screenshots contain transaction graphs but no readable transaction-level evidence connecting the new outflows to the same services.
Bitget says withdrawals have resumed while recovery continues Bitget’s incident explainer, updated Oct. 20, says its phased withdrawal restoration finished on Oct. 2 after BTC, ETH and USDT services reopened in September. The company says customer account balances remain unaffected and that it has identified no further unauthorized transfers following containment.
In the same explainer, Bitget attributed the breach to a vulnerability in a third-party security product. The company said the attacker obtained high-level internal credentials and submitted fraudulent withdrawal commands that bypassed existing risk controls. Bitget said the affected systems were isolated and the vulnerability was fixed.
Earlier coverage of the withdrawal reopening and reserves recorded CEO Gracy Chen’s statement that the Protection Fund had returned above $300 million on Sep. 30. Bitget has said the fund would absorb the financial loss from the breach.
The Sep. 25 notice names Mandiant and SlowMist as investigation partners and publishes receiving addresses across Ethereum-compatible networks, XRP Ledger, Zcash and TRON. Its recovery section says some assets had already been frozen through coordination with industry partners, but does not give an aggregate frozen amount in that notice.
The exchange’s recovery program offers separate 5% rewards for eligible voluntary actions that directly freeze or recover affected assets. Bitget excludes actions carried out under court orders, law-enforcement requests, or other legal processes, and retains discretion over eligibility and payment.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
A US gov wallet moved $1B in BTC. Arkham's Miguel Morel breaks down transaction trails, potential sales vs. custody transfers, and reserve policy factors.
A US government-linked wallet just moved about $1 billion in Bitcoin from the Bitfinex hack, and the market wants to know if a sale is coming. Arkham Intelligence CEO Miguel Morel explains what the transaction trail shows, what it can’t show, and why it’s still unclear whether the coins are being sold or moved to a new custodian. He also breaks down how disposal orders and the Strategic Bitcoin Reserve factor in.
Chapters:
00:00 US Government Moves $1B in Bitfinex Hack Bitcoin
00:47 Sale or Custody Change? What the Government Might Be Doing
01:52 How Arkham Labels Government Wallets
03:30 Tracking Bitcoin Treasury Companies Before SEC Filings
05:18 Why Exchanges Like Coinbase Can Be a Black Box
06:26 Segregated Wallets and Tracking MicroStrategy
07:52 How AI Agents Are Using Arkham Today
09:42 Is There Any Privacy Left On-Chain?
12:02 Does Anonymity Help or Hurt Institutional Adoption?
14:12 How Investigators Trace Stolen Funds From Hacks
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Patrick Green
Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.
The October 8 transaction passed through unlabeled addresses before reaching Arkham-labeled Coinbase deposits. That establishes an exchange-linked destination, not a sale.
The October 8 transaction passed through unlabeled addresses before reaching Arkham-labeled Coinbase deposits. That establishes an exchange-linked destination, not a sale.
A wallet connected to the United States government recently transferred approximately $1 billion worth of Bitcoin originally seized from the Bitfinex hack, raising questions within the crypto community about whether the assets are being prepared for sale or transferred to a different custodian.
Expert insights on government Bitcoin movementsMiguel Morel, CEO of Arkham Intelligence—a blockchain analytics firm specializing in labeling large crypto wallets—stated that it remains unclear whether these Bitcoin holdings are poised for sale or are merely being moved between wallets for security or custodial changes. Morel explained that while on-chain analysts can trace movements across different addresses, definitive conclusions about the government’s intent are elusive without additional context.
In his assessment, Morel indicated that transaction records provide transparency regarding wallet activity, but they do not reveal the precise motives behind such transfers or whether the coins are being liquidated, simply stating, “On-chain data shows where the coins go, but not always why.”
He noted that assets seized in large hacks, like the Bitfinex case, often remain dormant in government-controlled wallets for extended periods before any action is taken. However, significant movements from these wallets typically generate market speculation about a potential sell-off.
Market impact and tracking methodsThe transfer has directed attention to how authorities manage and label their digital asset holdings. Morel elaborated on Arkham’s approach to tagging government-held wallets using public records, court documents, and blockchain analytics. He pointed out that these labeling techniques are crucial for providing greater transparency, but challenges remain when authorities choose new custody providers or alter their usual storage habits.
Treasury companies, cryptocurrency exchanges, and institutional investors often utilize sophisticated custody solutions and segmented wallets to manage security and privacy. Morel noted that exchanges such as Coinbase operate extensive internal wallet systems, making it difficult for external observers to trace the full lifecycle of transferred coins.
He added that using segregated wallets and advanced detection methods enables transparency in monitoring large holders, including entities such as MicroStrategy, which manage substantial Bitcoin reserves.
Mini dictionary: Arkham Intelligence, a blockchain analytics company, focuses on identifying the owners of major cryptocurrency wallets and tracking large on-chain transactions for transparency and investigative purposes.
Privacy and institutional adoptionThe discussion also delved into the broader implications of privacy and transparency for institutional adoption of digital assets. Morel commented that, while blockchain technology offers traceable ledgers, sophisticated exchanges and custodians can obscure the ultimate ownership and disposition of funds. He emphasized that this intersection of privacy and regulation presents both opportunities and challenges for mainstream financial players considering increased involvement in digital assets.
Investigators employ multiple techniques to trace illicit or stolen coins, relying on blockchain data and specialized analytics. Successful recovery of stolen assets depends on the ability to connect on-chain movements to real-world identities or centralized entities.
Morel highlighted, “The market responds sharply to news of large government asset movements, especially when the source is related to major hacks or seizures.”
As of now, public block explorers show that the $1 billion in Bitcoin remains in a wallet classified as “unknown” and there is no confirmation of any sale. Analysts continue to watch for further transactions that could indicate the intent behind this substantial transfer.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Today we’re excited to launch Arkham Enterprise, a platform for advanced crypto analytics.
Arkham Enterprise brings Arkham’s data into professional workflows, including asset tracing, risk scoring, case management, and trading research. All backed by the world’s best labelset: 3.9 billion attributions covering $1.8 quadrillion in on-chain volume.
Alongside the launch, we’re updating which features are available on our free platform and introducing an Enterprise Grants program for qualifying investigators and researchers.
REQUEST ACCESS
Arkham EnterpriseOver the past several years, Arkham has freely provided some of the best available blockchain data and analytics to the crypto community as a public good. Millions of people use Arkham to track what’s happening on-chain, from traders to compliance professionals to law enforcement agents.
As part of this growth, we’ve seen strong demand from sophisticated users for a platform suited to advanced professional use cases. We’ve built Arkham Enterprise to meet that demand, bringing our data and advanced analytics tools together in a platform designed for professional workflows.
This launch includes new Enterprise tools and major upgrades to the free platform:
Real-time Data
Alongside Enterprise, we’re rolling out major improvements to data freshness across both our free and Enterprise platforms. Previously, a large amount of the data and labels on Arkham were only updated once a day. We’ve rebuilt the underlying infrastructure so that these elements now update in real time. New transactions will appear without requiring a page refresh, new labels will appear as they are created instead of once a day, and address balances will reflect the most recent transactions.
Performance and Reliability
Alongside these upgrades, we’ve been improving performance across Arkham. We’ve reduced alert latency by approximately 80% on most supported chains. The changes announced today will also reduce database load, resulting in improved stability and lower latency across the platform.
Tracer 2.0
The Tracer has been rebuilt for professional blockchain investigations. Start from any address, pull its counterparties onto the network map, and follow the money hop by hop. New bridge support lets you follow funds across supported chains within the same trace.
Visualizer 2.0
Paste any address or entity and its incoming and outgoing transactions render in real time as an interactive graph: transfers, counterparties, and tokens in one view.
In addition to a complete visual redesign, Visualizer 2.0 adds a volume overview for the visualized data, a transaction details module, and keyboard shortcuts—now you can undo your last move with cmd/ctrl + Z, making it easier to refine a graph as you investigate.
Case Management
Complex investigations require more than tracing individual transactions. Enterprise’s Case Management tool lets you bring findings together in one place, organize them by case, and build a structured record as your investigation develops.
Risk Scoring
Enterprise brings risk scoring directly into Arkham, allowing users to assess address and entity risk alongside the underlying on-chain activity. Powered by Arkham’s attribution data, it provides quantitative risk indicators covering sanctions exposure, mixer exposure, source of funds, and the number of transaction hops separating an address from a flagged source.
Changes for Free UsersThe following changes to our free platform take effect today:
Tracer 2.0 will be available only to Enterprise users. Visualizer 2.0 will remain available to free users.
Transaction filtering and full transaction history will also now only be available to Enterprise users. Free users will be able to view the 100 most recent transactions for an address or entity.
Creating new custom labels and entities will require Enterprise. Free users will retain their existing custom labels and entities and will still be able to edit existing label names.
Finally, the counterparties section on explorer pages will be Enterprise-only.
The free platform will continue to include:
All Arkham labels, including predicted labelsVisualizer 2.0Prediction MarketsBlock ExplorerTagsPre-existing custom labels and entitiesArkham remains the most powerful free blockchain analytics tool on the market.
Arkham Enterprise GrantsTo further support our mission of deanonymizing the blockchain, we are launching an Enterprise Grants program to provide free access to Enterprise to select applicants. The program is intended for independent investigators, researchers, and public-interest organizations whose work advances transparency and accountability in crypto. Enquire here.
Arkham Intelligence has launched Arkham Enterprise, a new platform built for professionals and institutions that track money on public blockchains.
The October 20, 2026 rollout brings real-time data refreshes, upgraded investigation tools, case management and risk scoring. It also signals a shift in how Arkham makes money. The most powerful features now sit behind a paywall.
What Arkham Enterprise actually includes
The headline feature is speed. Enterprise users get real-time data refreshes, so the picture they see on screen reflects what is happening on-chain now, not a while ago.
Arkham is also shipping two upgraded tools. Tracer 2.0 is reserved for Enterprise customers. Visualizer 2.0 is available on the free tier.
The platform adds case management, which lets teams organize investigations into structured files. It also introduces risk scoring, a way of flagging addresses or flows that may warrant closer scrutiny.
Arkham says a substantial free tier remains in place for general users.
The Google Cloud angle and the grants program
The Enterprise launch did not arrive alone. On October 14, 2026, Arkham’s API became available on the Google Cloud Marketplace.
Enterprise teams can now pay for Arkham’s on-chain analytics using their existing Google Cloud credits.
Arkham is also launching an Enterprise Grants program. Qualifying independent researchers and public-interest organizations can receive free Enterprise access via [email protected].
Background: Arkham’s data footprint
Arkham has built its reputation on attribution, the practice of linking anonymous blockchain addresses to real-world entities such as exchanges, funds or individuals.
The company says its platform has documented 3.9 billion attributions. It also reports coverage of $1.8 quadrillion in on-chain volume.
Arkham has also developed a proprietary AI engine called Ultra, which has been part of its pitch for maintaining an edge in the analytics space.
What this means for the on-chain analytics market
The most direct impact lands on compliance teams, investigators and institutional desks. Case management and risk scoring are the giveaway. Those features are less about curiosity and more about documentation, the kind a compliance officer may need to show a regulator or an internal review committee.
The Google Cloud listing could widen Arkham’s reach among organizations that already run on that infrastructure.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Arkham Intelligence is putting a fence around some of its most useful tools. Non-enterprise users will no longer get full transaction history or transaction filtering on the blockchain analytics platform.
What free users lose The changes arrive with Arkham Enterprise, a new platform the company announced around October 19-20, 2026. Starting October 20, 2026, free-tier users will be limited to their 100 most recent transactions.
Transaction history is only the start. Free users will also lose transaction filtering, which sorts through wallet activity by specific criteria.
Tracer 2.0 is also moving to the paid side. So is the ability to create new custom labels and entities, along with access to the counterparties section.
What Enterprise users get Subscription-based Enterprise customers get a fuller toolkit. It covers asset tracing, risk scoring, case management and transaction analysis.
Arkham is pitching the product at three groups: compliance teams, investigators and trading researchers.
What stays free Visualizer 2.0, an interactive graphing tool, will remain available to free users.
The company is also rolling out real-time data updates across the platform. That infrastructure upgrade benefits both free and Enterprise users.
Arkham has also launched an Enterprise Grants program. It offers free Enterprise access to qualifying independent researchers and organizations.
What this means for users and the analytics market For casual users, the impact will depend on how deep they tend to dig. Someone checking recent activity on a single wallet may barely notice a change.
Anyone reconstructing older activity will feel it right away. The 100-transaction cap effectively ends free historical research on active wallets.
That could push some users toward paying for subscriptions, or toward the Enterprise Grants program if they qualify.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Arkham has reported more than 35 million labels on Robinhood Chain, saying its platform supports searches for every address, transfer, and transaction identifier on the Ethereum layer-2 network.
Summary
Arkham says Robinhood Chain has over 35 million labels, with searchable addresses, transfers, and transaction identifiers. Its tools support wallet tracking, entity analysis, and custom alerts for onchain activity. Arkham’s July 22 announcement confirms the integration predates its latest October post. Robinhood’s Stock Tokens remain unavailable to US persons under the company’s product restrictions. Arkham said in an Oct. 19 post that its labels, alerts and tracing tools are live on the chain. Its website dates an earlier integration announcement to July 22, when the company described support for tracking traders, monitoring transfers and accessing network data through its API.
Arkham’s Robinhood Chain support predates the latest post The October announcement puts a figure on Arkham’s labeling coverage while repeating the availability of its blockchain intelligence tools.
“We’re live on Robinhood Chain, bringing Arkham’s labels, alerts and tracing tools to Robinhood Chain,” the company wrote.
In its July announcement, Arkham described full endpoint integration for Robinhood Chain through its application programming interface. The company said calls available for other supported chains could be made for Robinhood Chain, alongside alerts for large fund movements and tools for following token prices.
By September, Arkham’s published research described the network as integrated into its multichain explorer. That article listed transaction searches, holder-concentration monitoring, and custom alerts for transfers, liquidity movements, and activity involving wallets or entities.
Neither the earlier announcement nor the supplied October post provides a matching Ethereum label count or a chain-by-chain coverage methodology. The 35 million figure remains Arkham’s reported total, without an independently established comparison of labeling depth between the two networks.
Robinhood Chain searches cover wallets and counterparties Arkham’s research describes several ways to examine activity beyond searching for a transaction identifier, commonly called a TXID.
According to the company, entering a Robinhood Chain address can display its historical balances, current portfolio, and leading counterparties. Its entity-clustering feature groups addresses attributed to a known entity so users can examine aggregate holdings.
The same research says users can trace transfers in real time and inspect specific payments or smart-contract executions through the platform’s search bar. Arkham presented those functions alongside examples of traders operating in the network’s memecoin markets.
Robinhood’s developer documentation separately lists Blockscout explorers for mainnet and testnet. It identifies Alchemy as its recommended infrastructure provider and directs developers seeking historical reads and indexing to archive endpoints available through infrastructure providers.
For network configuration, the documentation specifies mainnet chain ID 4663 and testnet chain ID 46630. Both use ETH as their currency, while Robinhood Chain uses Ethereum blobs for data availability.
The documentation distinguishes public endpoints from production infrastructure. Public endpoints are rate-limited, and Robinhood recommends a provider for production use. Developers can obtain standard transaction and account data through those services, while Arkham describes its offering through labels, entity groupings, portfolio views and alerts.
Tokenized stocks share the network with memecoin markets Robinhood launched the public mainnet on July 1, describing it as a permissionless layer 2 built using Arbitrum technology. Its launch announcement named Uniswap and Pleiades among the initial trading venues, with infrastructure integrations from Alchemy, BitGo, and Chainlink.
As crypto.news previously reported in its explanation of the network’s tokenized stock structure, Stock Tokens provide exposure to underlying equities while operating as transferable assets within supported onchain applications.
Trading developed around speculative tokens during the network’s first weeks. July 16 coverage of its early memecoin trading activity recorded roughly $312 million in total value locked and 3.6 million daily transactions. CASHCAT, an unaffiliated memecoin associated with Robinhood’s original working name, reached a market capitalization near $156 million.
By Sep. 2, coverage of RWA-linked trading volume cited a $390 million daily total from data compiled by onchain researcher Adam Tehc. Memecoin-stock pairs accounted for $217 million, while tokenized-stock trading contributed $127 million.
Those figures describe historical snapshots, rather than current October trading conditions. The September account described pools pairing memecoins with tokenized versions of companies including Nvidia, Tesla, Intel and Roblox.
Robinhood’s launch statement said eligible Stock Token holders could trade around the clock and use tokens in lending pools or as collateral across decentralized finance applications. Availability varied by jurisdiction, including for products accessed through Robinhood Wallet.
US Stock Token restrictions remain in Robinhood’s disclosures Robinhood’s support page distinguishes the public blockchain from its brokerage and crypto accounts. The company says Robinhood Chain operates independently of the main app and does not affect investments, crypto balances, or portfolios held there.
The same page identifies Robinhood Digital Assets, LLC as the chain’s provider and describes that entity as a software provider that does not offer regulated financial or advisory services.
In its product disclosures, Robinhood identifies Stock Tokens as tokenized debt securities issued by Robinhood Assets (Jersey) Limited. Holders receive economic exposure to underlying securities without legal or beneficial rights in the underlying issuer.
Robinhood says those Stock Tokens are not registered under US securities laws and cannot be offered, sold or delivered in the United States or to US persons. Its disclosures list further restrictions covering jurisdictions including Canada, the United Kingdom and Switzerland.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Arkham's monitoring, whale trader 0x9c6 holds a 20x leveraged long position on SOL on Hyperliquid, with the current position value totaling around $57.5 million. The entry price for the position is $80.86. Based on SOL's current price of $104.43, the position has an unrealized profit of roughly $13 million. The trader opened the position approximately one month ago and has not closed it to date. Their Hyperliquid account is currently valued at about $24.2 million.
A scammer lost more than 60 BTC, valued at approximately $4.8 million, in the Ledger theft incident.
According to Chainalysis, one of the largest victims in the theft involving crypto hardware wallet manufacturer Ledger is also a scammer himself, losing over 60 BTC worth roughly $4.8 million. The funds originated from a task scam where participants were paid to fake sales and reviews for real goods. After the scam caused "negative balances", participants were told they had to invest their own money to receive their payouts. On September 22, the scam’s mastermind transferred the proceeds to three separate Ledger addresses. On October 9, the attacker emptied all three addresses, moving funds each via a single transfer to the same wallet, which has been linked to stolen funds.
4 hours ago
Ansem: Firmly bullish on BTC’s strong rally, crypto-native community confidence is at its lowest level in nearly a decade.
Crypto trader Ansem posted a statement expressing high confidence that Bitcoin will see a sharp rally, noting that the crypto-native community’s current confidence in BTC is at its lowest point in roughly the past decade. He added that Bitcoin is one of the few assets unrelated to the complex AI investment theme, and also mentioned that governments will need to fund AI infrastructure development amid sticky inflation.
4 hours ago
Coinbase will suspend trading for NEON and SYND.
Coinbase Assets announced in a post that, based on recent asset reviews, Coinbase will suspend trading of Neon EVM (NEON) and Syndicate (SYND) at approximately 3 AM Beijing time on November 17, 2026.
4 hours ago
Binance.US is seeking $100 million in financing to expand its crypto operations.
Bloomberg reported that Binance.US is seeking to raise $100 million to expand its cryptocurrency business.
4 hours ago
Stripe Co-founder: After acquiring Privy, its revenue rose approximately 9-fold, while wallet asset scale surged roughly 25 times.
Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.
4 hours ago
Multiliquid raises $8 million in seed funding, led by Polychain.
Uniform Labs, the developer of tokenized asset settlement platform Multiliquid, has raised a total of $8 million across its Pre-Seed and Seed rounds. The latest Seed round was led by Polychain, with participation from Strobe Ventures, CMT Digital, Metalayer Ventures, Generative Ventures, and Circle Ventures. Details on the amount raised in each round and valuations were not disclosed. Multiliquid is now live on Ethereum and Solana, enabling institutions to complete two-way conversions between tokenized assets and stablecoins at net asset value (NAV) in a single atomic transaction with simultaneous settlement. The platform serves asset issuers, institutional treasuries, DeFi lending protocols, and market makers, supporting use cases including reserve rebalancing, margin management, and yield strategy adjustments. Operating on a non-custodial model, it enforces transfer restrictions, identity verification, and issuer-defined compliance rules at the settlement layer, and has already begun processing initial pilot transactions. The funding will be used to expand the protocol engineering team, increase liquidity and trading platform partnerships, and integrate more tokenized cash and Treasury products on EVM networks and Solana. The company stated that it currently has no plans to issue a token.
Arkham Intelligence has rolled out Visualizer 2.0, a rebuilt version of its tool for turning blockchain activity into interactive maps.
The company announced the release on October 15, 2026, through its official channels. The pitch is simple: paste in a wallet address or a known entity, and watch its money move.
What’s new in Visualizer 2.0
The core function stays the same. Users enter any crypto address or entity, and the tool renders its incoming and outgoing transactions as a graph.
Version 2.0 makes that graph interactive and updates it in real time. Inflows, outflows, counterparties and token movements all show up visually rather than as rows in a spreadsheet.
On top of that foundation, Arkham layered several new features:
Volume overview: a panel summarizing the flow of funds at a glance.
Transaction details module: a dedicated space for digging into individual transfers.
Keyboard shortcuts: including cmd/ctrl + Z to undo, for faster navigation.
Save and share: users can store custom visualizations and pass them along to others.
Live filters: graphs can be narrowed by token type, USD value, transaction direction, time frame or chain.
How Visualizer fits Arkham’s toolkit
Visualizer is one piece of a broader analytics suite. Arkham also offers Tracer and Dashboards, and together the tools are built for network analysis of blockchain activity.
Within that lineup, Visualizer has been central to mapping transaction flows and, in Arkham’s framing, de-anonymizing on-chain activity.
The tool’s reach has grown alongside Arkham’s chain coverage. Support for Solana arrived starting in October 2024, followed by TON in November 2024.
The Visualizer 2.0 announcement did not include any pricing changes. It also arrived without third-party evaluations or any reported immediate market reaction.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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Blockchain analytics company Arkham Intelligence made a highly anticipated announcement regarding TRON founder Justin Sun. According to Arkham, Sun’s on-chain cryptocurrency assets are worth approximately $2.2 billion.
According to research conducted in September, Arkham ranked Justin Sun as the world’s second-richest individual cryptocurrency owner after Satoshi Nakamoto, based on the size of his identified on-chain assets.
What Assets Are in Justin Sun’s Crypto Portfolio?
According to Arkham’s September report, which is based on their research, Sun’s portfolio includes various cryptocurrencies and digital assets.
According to data shared by Arkham, the portfolio includes approximately $1 billion worth of SUSDS, $653 million worth of STETH, $341 million worth of Bitcoin, and $142 million worth of WBTC. The value of WLFI assets is estimated at approximately $31 million. These figures reflect estimates at the time the research was published.
Arkham also said that this estimate was based on tracking wallets identified as belonging to Sun across 10 blockchains.
However, Arkham points out that Sun’s on-chain assets should be separated from his total wealth. In this regard, Arkham states that Justin Sun’s total wealth could reach $7 billion. In fact, a separate study published by the company in February 2026 estimated Sun’s total wealth to be between $5 and $7 billion.
Justin Sun Ranks Second on the Crypto Millionaires List!
In Arkham’s rankings, Bitcoin’s pseudonymous creator, Satoshi Nakamoto, still holds the top spot with approximately $92 billion in on-chain assets. Justin Sun is in second place with approximately $2.2 billion. However, on-chain analytics only cover wallets that can be identified and associated with specific individuals or organizations. Therefore, the figures disclosed do not accurately reflect the total assets of individuals.
*This is not investment advice.
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Arkham has disclosed in a post that it has labeled wallets under Justin Sun’s name across 10 blockchains, with total on-chain assets valued at roughly $2.25 billion. Justin Sun is the founder of TRON, CEO of BitTorrent, and owner of two cryptocurrency exchanges. Arkham also noted that in its ranking released this September, Justin Sun’s holdings rank second only to Satoshi Nakamoto, whose holdings total $91.3 billion.
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On-chain analyst Specter has pointed out that Arkham incorrectly tagged a THORChain wallet address as linked to the CryptoBillis Ledger hack, which caused crypto security firm PeckShield to mistakenly assert that the CryptoBillis Ledger attacker had deposited approximately $3.89 million in crypto assets to Binance over the past two days. PeckShieldAlert has responded that it will correct the related labels.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Ledger is investigating reports that customers in Southeast Asia have lost their funds after they bought its hardware wallets through reseller CryptoBillis.
Blockchain analytics firm Arkham said more than $80 million was reportedly taken across Bitcoin, Ethereum, and Tron. However, neither Ledger nor Arkham has confirmed how the losses occurred.
Ledger tells CryptoBillis to pause sales Ledger said it had asked CryptoBillis to stop selling and shipping its devices while the investigation continues.
The warning focuses on customers who bought these wallets from the reseller in the past 90 days.
Anyone who has not configured a recently purchased device should avoid doing so for now. Customers already using one should consider moving their assets to a new Ledger device protected by a new recovery phrase.
That recovery phrase is the set of words granting access to a wallet. Creating a new one prevents anyone who may know the old phrase from accessing the replacement wallet.
Ledger also told customers to only contact it through official support channels.
The company did not identify the affected device models or confirm that any Ledger product had been altered.
Arkham tracks funds across 152 addresses Arkham created a “ledger-drainer” label covering 152 addresses and published images showing how these funds moved across different blockchains.
At the time of this writing, the labelled wallets held about $71.6 million, including around $29.4 million in Ether, $17.68 million in Bitcoin, $13.65 million in USDD and $10.85 million in USDT.
Source: X The balance that can be seen is not the total suspected loss because funds may already have moved out of these tracked wallets. Also, changing crypto prices can change the dollar value.
Arkham says the theft is above $80 million, while some other investigators say the amount is reportedly more than $86 million.
The actual figure has not been confirmed by Ledger, so the current available figures remain estimates.
Also, there has been no actual confirmation of what caused the hack, and there is no confirmation of a company-wide Ledger exploit.
Final Summary Ledger has paused CryptoBillis sales while investigating reports of customer losses. More than $80 million was reportedly taken, but the amount and cause have not been confirmed.
According to Arkham’s monitoring, addresses linked to Abraxas Capital have recently increased their ETH collateral and lowered borrowing leverage. Late yesterday, the address transferred 20,000 ETH from Aave to Spark, then repaid approximately $55 million USDS; today, it borrowed an additional $10 million USDS, leading to a net reduction of around $45 million. Over the past week, this address has added a net 57,000 ETH in deposits on Spark, with 50,000 ETH moved over from Aave. During the same period, it borrowed a total of 93.38 million USDS and repaid roughly 93 million USDS, keeping its borrowing volume largely flat, while its health factor rose from 1.59 to 2.42. As of press time, the address holds approximately 140,800 WETH in deposits on Spark, with collateral value of about $350 million and total debt of around $124 million, translating to a borrowing leverage of roughly 1.55x. Based on current collateral and debt levels, a liquidation would be triggered if ETH’s price falls to approximately $1,028. Address: 0xed0c6079229e2d407672a117c22b62064f4a4312
U.S. government-linked wallets moved 12,267 BTC ($1.01 billion) from a Bitfinex hack seizure wallet to new, unlabeled addresses. No exchange deposit was recorded, which points to wallet reshuffling rather than a sale.The move follows heavier exchange-bound activity a day earlier, when roughly 3,200 BTC ($264 million) and $119 million in USDT reached Coinbase Prime deposit addresses. Coinbase Prime also provides custody, so deposits there don't necessarily indicate a sale. A March 2025 executive order says forfeited bitcoin should go into a Strategic Bitcoin Reserve and not be sold. The government still holds about $25.5 billion in crypto.Wallets linked to the U.S. government moved 12,267 bitcoin BTC$81,789.81, worth about $1.01 billion, on Thursday, according to data provided by blockchain intelligence firm Arkham.
The coins left a wallet holding funds seized in the 2016 Bitfinex hack and went to a new, unlabeled address, with a second transaction going to a different address. No exchange deposit was recorded, a pattern more consistent with wallet reshuffling than a sale.
The transfer follows heavier exchange-bound activity 24 hours earlier, when roughly 3,200 BTC (about $264 million) and $119 million in USDT were deposited into Coinbase Prime addresses. The funds came from wallets tied to the FTX/Alameda and Bitfinex seizures, according to Arkham’s identification.
CoinDesk reported on Wednesday that more than $100 million in BTC and BNB moved in a similar fashion. In July, about $288 million in seized bitcoin and ether was routed to Coinbase Prime via fresh intermediary wallets.
Deposits to Coinbase Prime don't necessarily indicate a sale, as the platform also provides custody services. A March 2025 executive order directed that forfeited bitcoin be placed into a Strategic Bitcoin Reserve and said it should not be sold. The government still holds about $25.5 billion worth of crypto, Arkham shows.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
ByteDance’s Jimu AI Film & TV Label Expands Overseas: Up to $10,000 in Promotion Support Per Episode for A-Level Series
Dong察 Beating AI News Flash: ByteDance’s Jimo AI overseas version Dreamina has officially launched its film and television content label Dreamina Originals, calling for submissions of film and series projects from film studios, professional creators, and AI production teams. Selected projects will receive video generation credits, technical support, and promotion and distribution resources. For film projects, the recommended runtime is no less than 90 minutes; applications require a story or script plus preliminary visual materials or sample reels. Selected projects can get up to 15 million Dreamina credits, alongside priority computing power, one-on-one technical guidance, film festival submission support, and distribution backing. For series projects, each episode is recommended to be at least 3 minutes, with a total runtime of around 100 minutes. S-level projects qualify for unlimited credits based on production needs. A-level projects can receive up to 1 million credits per episode, plus up to $10,000 in paid promotion support usable on platforms including YouTube, TikTok, Instagram, and X. This past August, Jimo launched its domestic film and television initiative “Jimo Studio” for film and series project submissions; Dreamina is now bringing this same model to international markets.
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Claude Startup Support Program Relaxed: Self-Funded Teams Now Eligible for API Quotas
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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A little over a thousand crypto wallets once held nearly $300 million. Today, according to Arkham Intelligence, they hold around $2 million.
The wallets belong to Kelsier Ventures, the Hayden Davis-led firm at the center of the LIBRA memecoin saga. That is the token Argentine President Javier Milei promoted before it collapsed.
From a nine-figure stash to pocket change Arkham first tagged the addresses on February 19, 2025. It identified more than 1,000 wallets linked to Kelsier Ventures and Davis.
At that point, the combined holdings sat at nearly $300 million. Most of that value was denominated in LIBRA, the token Kelsier helped bring to market.
A meaningful chunk was not LIBRA at all. About $100 million sat in USDC and SOL that had been pulled from liquidity pools during the token’s launch.
Fast forward to the latest on-chain snapshot. Arkham now shows the Kelsier-linked entity holding around $2 million, spread across approximately 1,200 addresses.
Who is Kelsier Ventures Kelsier Ventures was registered in Delaware and established in 2021. It is a family operation, led by Hayden Davis, with his father Tom Davis and brother Gideon Davis holding significant roles.
On paper, the firm pitched itself as a venture capital outfit focused on Web3 technology. In practice, it operated more like a market maker and token-launching shop.
That second role is what put Kelsier in the spotlight. The firm was deeply involved in LIBRA, a memecoin that Milei promoted heavily.
The token reached a multi-billion-dollar market cap before plunging by approximately 95%. The crash came amid allegations of insider trading and liquidity extraction.
The lawsuit that did not stick After LIBRA’s collapse, Kelsier faced a class-action lawsuit. Investors brought fraud allegations against Kelsier and related parties, including claims under RICO, the federal racketeering statute often aimed at organized schemes.
In October 2026, Judge Jennifer L. Rochon of the Southern District of New York dismissed the case. The ruling rejected the fraud allegations, including the RICO claims.
What this means for memecoin traders and investigators The story also shows what blockchain analytics firms like Arkham can and cannot do. Tagging more than 1,000 addresses to a single entity is serious detective work. It lets the public follow a firm’s footprint long after it stops issuing press releases.
Tracking funds is a different task from recovering them, though. Arkham can show where the money is sitting today. It cannot force anyone to give it back, and the court dismissal shows that legal remedies for burned investors can be thin.
Kelsier presented itself as a venture capital firm and allegedly behaved like a market maker. That kind of mismatch is exactly what disclosure rules exist to catch, and the LIBRA episode may give policymakers a ready-made example.
Watch whether the remaining roughly $2 million moves, and whether any further legal or regulatory action follows the dismissal. With approximately 1,200 addresses now tagged, Arkham’s dashboards will make any movement visible to everyone, including the investors still waiting for answers.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
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LIBRA-linked wallets tied to Kelsier Ventures have fallen from nearly $300 million in tracked holdings in February 2025 to about $2 million, according to blockchain analytics firm Arkham.
Summary
Arkham says Kelsier-linked wallets now hold about $2 million, down from nearly $300 million today. Over 1,000 addresses were originally linked to Hayden Davis and Kelsier Ventures during February 2025. Most of the original wallet value came from LIBRA tokens and extracted USDC and SOL. A U.S. judge dismissed the LIBRA investor class action with prejudice on September 29, 2026. Separate criminal proceedings tied to LIBRA continue in Argentina despite the U.S. civil case dismissal. Arkham said on Oct. 5 that it had identified more than 1,000 addresses belonging to Kelsier Ventures and Hayden Davis when it first published the wallet cluster in February 2025.
At the time, the addresses held close to $300 million, with most of the value coming from LIBRA tokens. Arkham now puts the remaining value across the tracked cluster at approximately $2 million.
ARKHAM FOUND 1,000 KELSIER VENTURES ADDRESSES
In February 2025 we identified over 1,000 addresses belonging to Kelsier Ventures (Hayden Davis). We were the first to publish the full set.
Those addresses held almost $300M at the time, mostly LIBRA coin. They now hold only $2M. pic.twitter.com/dq3eRSeVs2
— Arkham (@arkham) October 5, 2026 The change in wallet value does not by itself show where the difference went. Token prices, transfers between addresses, sales, liquidity movements and changes in Arkham’s tracked holdings can all affect an entity balance. Arkham’s Oct. 5 post did not provide a transaction-by-transaction breakdown explaining the decline.
Kelsier’s LIBRA wallets once held nearly $300 million Arkham first reported the Kelsier wallet cluster on Feb. 19, 2025, five days after LIBRA launched.
Its original analysis divided the identified addresses between a LIBRA entity containing wallets tied to the token and a separate Kelsier Ventures entity for addresses not directly associated with the project.
Across both groups, Arkham valued the holdings at nearly $300 million. Most of the amount consisted of LIBRA, while approximately $100 million was held in USDC and SOL that Arkham said had been removed from LIBRA liquidity pools.
Arkham described itself at the time as the first blockchain analytics service to publish the full set of more than 1,000 linked addresses.
The company identified Davis as the person behind Kelsier Ventures. A recent U.S. federal court opinion describes Kelsier Labs LLC, doing business as Kelsier Ventures, as a family-run firm incorporated under Texas law in 2021, with Hayden Davis serving as chief executive.
LIBRA launched on Solana on Feb. 14, 2025. Argentine President Javier Milei posted the token contract and promoted the accompanying Viva La Libertad project shortly after launch, according to the subsequent federal court record.
Investor demand pushed the token sharply higher before its price collapsed within hours. Milei later removed his post and said he had not been aware of the project’s details.
As previously reported, LIBRA reached a multibillion-dollar valuation before collapsing shortly after Milei’s post. Davis later acknowledged that he controlled funds connected to the project while denying that LIBRA was intended as a scam.
U.S. LIBRA lawsuit was dismissed days before Arkham update Arkham’s latest wallet disclosure comes less than a week after a major U.S. civil case involving Kelsier Ventures ended.
U.S. District Judge Jennifer L. Rochon ruled on Sept. 29 that the amended investor complaint against Kelsier, Davis family members, former Meteora CEO Benjamin Chow and other defendants could not proceed.
The case, Hurlock v. Kelsier Ventures, had accused the defendants of fraud, conspiracy, violations of the Racketeer Influenced and Corrupt Organizations Act, New York consumer law violations and unjust enrichment.
For Kelsier and the Davis defendants, the judge dismissed the RICO counts for failure to state a claim. Other claims against them were dismissed because the court found it lacked personal jurisdiction.
Claims against Chow were dismissed for failure to state a claim, while Dynamic Labs secured dismissal of claims brought against Meteora.
Rochon denied the plaintiffs’ request to file a second amended complaint and dismissed the case with prejudice, directing the clerk to close it. LIBRA class action was dismissed after the court rejected the plaintiffs’ RICO and fraud theories.
The ruling did not amount to a judicial finding that every disputed event around LIBRA’s launch did or did not happen. The court decided whether the plaintiffs’ allegations met the legal and jurisdictional requirements needed for their claims to continue.
The original class action had been filed in New York state court in March 2025 before being removed to federal court in May.
Frozen LIBRA-linked funds became part of the legal fight Wallet tracing played a role in the LIBRA litigation long before Arkham published its latest $2 million figure.
In May 2025, Circle froze approximately $57 million in USDC held in addresses tied to the dispute after a U.S. court order.
Crypto.news previously covered the $57 million USDC freeze tied to the LIBRA case, which applied to two addresses while investors pursued claims against Kelsier and related defendants.
The New York federal court later lifted its asset restraints in 2025. The Sept. 29, 2026 dismissal subsequently closed the underlying U.S. class action.
The current $2 million Arkham figure should not be read as a direct comparison with only the assets once frozen by the court. Arkham’s entity cluster covers a much larger set of addresses identified as connected to Kelsier Ventures and LIBRA.
Its February 2025 estimate included LIBRA tokens, stablecoins, SOL and other assets spread across more than 1,000 addresses.
Arkham’s Oct. 5 post does not say that $298 million was transferred out of the wallets in cash terms, nor does it identify the balance change as realized profit, investor recovery or seized funds.
Argentina’s LIBRA investigation remains separate The end of the U.S. civil lawsuit has not closed the separate criminal investigation in Argentina.
Argentina’s federal prosecutor’s office said in March that federal prosecutor Eduardo Taiano remained in charge of the investigation and was continuing work on evidence connected to LIBRA.
Prosecutors have been examining the circumstances surrounding the token’s creation and launch, including possible fraud, influence trafficking, bribery and abuse of authority.
Digital assets have already been frozen as part of that inquiry. In August 2025, prosecutors announced that an Argentine federal judge ordered the freezing of 323,275 USDT held across two addresses identified during the investigation.
Prosecutors said those addresses had received funds from a multisignature wallet examined in the case. Investigators linked activity in that wallet to the period between December 2024 and February 2025.
A separate prosecution request had sought to freeze nearly 44.6 million USDC connected to the inquiry before the U.S. court froze related stablecoin addresses in May 2025.
The Argentine prosecutor’s office said its technical investigation included analysis of electronic devices seized during the case. A final forensic report was delivered to prosecutors in January 2026 and added to the judicial case-management system in February.
The Sept. 29 U.S. ruling does not resolve those Argentine proceedings.
Arkham continues tracking the remaining Kelsier wallets Arkham’s public entity page continues to group wallets it attributes to Kelsier Ventures, allowing changes in token holdings and transfers to be monitored on-chain.
The analytics company has not said in its latest update that the approximately $2 million still visible represents all assets controlled by Davis or Kelsier Ventures outside the addresses it has identified.
Its February 2025 research was similarly limited to wallets Arkham had attributed to the entity.
Earlier reporting around LIBRA showed why attribution can change as investigators connect additional addresses. Blockchain researchers including Arkham, Nansen and other analytics firms spent months tracing wallets tied to the launch, liquidity pools and subsequent token movements.
Nansen tracked large profits and losses among LIBRA traders after the token’s rapid collapse, while separate investigations focused on early wallets and liquidity providers.
Arkham’s latest update leaves the identified Kelsier cluster at roughly $2 million compared with nearly $300 million when the firm first disclosed the addresses in February 2025.
Bloomberg: Performance gap between top AI models from China and the U.S. narrows to 3%, hitting a record low.
Beating AI News Flash: Bloomberg Intelligence (BI) says the performance lead of U.S. AI firms over Chinese counterparts has fallen to an all-time low, driven by advances from Chinese labs like DeepSeek. After DeepSeek V4.1 Flash launched in September, China’s top models lag U.S. rivals by just 3% in benchmark tests, a sharp narrowing from roughly 9% in May and 15% at the start of the year. DeepSeek V4.1 Flash ranked sixth globally on LiveBench last month, scoring 81.1 points—close to Anthropic’s top score of 83.4. BI Senior Analyst Robert Lea notes the model now delivers performance comparable to leading systems from Anthropic and OpenAI, though only three of the top 15 LiveBench models hail from China. China’s AI progress stems from improved technical expertise and the ability to optimize models for domestic hardware, while also raising questions about the effectiveness of U.S. chip export restrictions. Still, China’s AI industry faces commercialization pressures. Lea forecasts that low-margin token supply, fierce price wars, and competition among over 1,100 large language models could keep the sector unprofitable until 2030. Currently, ByteDance’s Doubao leads in AI application monetization, while chatbots from DeepSeek and Tencent remain free to use.
8 minutes ago
Zcash’s NU7 upgrade has been deployed on the testnet, with its mainnet rollout scheduled for November 5.
Zcash has activated its NU7 network upgrade on the testnet, launching real-world testing ahead of the mainnet upgrade scheduled for November. Data from Zcash’s testnet block explorer shows the scheduled activation height 4,465,026 was mined at 18:21:45 UTC on October 4, with Zcash subsequently confirming NU7 is officially live on the testnet. NU7 will reduce Zcash’s target block interval from 75 seconds to 25 seconds, disable version 4 transactions, and introduce a "network sustainability mechanism" that redirects a portion of transaction fees to future block rewards. Once version 4 transactions are disabled, ZEC remaining in the legacy Sprout privacy pool will become unusable unless users transfer those funds before NU7’s full activation. Zcash developers will decide whether to proceed with the mainnet upgrade and set its activation height based on testnet performance, with the mainnet activation targeted for November 5.
8 minutes ago
CoinGecko: ETH rose 70% in the third quarter, outperforming BTC, though its market liquidity has significantly contracted.
CoinGecko’s report shows Ethereum (ETH) rose 70% in the third quarter, outperforming Bitcoin (BTC), which gained 42% over the same period, though ETH’s market liquidity has actually declined. Between July 6 and September 30, ETH’s median daily market depth was only 35% to 45% of BTC’s, compared to at least 60% in the same period last year. Within a 0.15% range from the market price, ETH’s combined buy and sell order book depth is roughly $13 million to $14 million. Market depth measures the total size of orders placed near the current price; lower depth means large orders are more likely to drive price swings. Despite the liquidity contraction, CoinGecko notes ETH remains relatively easy to trade, with market depth exceeding $1 million on both buy and sell sides across most exchanges. Solana (SOL) has also seen a liquidity decline: its one-sided market depth within a 2% range of its price fell from approximately $28 million last year to around $20 million. XRP’s total market depth has stabilized at roughly $30 million, with buy orders totaling about $18 million and sell orders around $14 million. While XRP’s market capitalization is roughly 40% higher than SOL’s, its market depth is lower, a gap attributed to SOL’s average daily trading volume being about 25% higher.
8 minutes ago
Over the past week, Maji has earned a total profit of $2.14 million from 12 consecutive PUMP trades.
According to Lookonchain's monitoring, crypto personality "Big Brother Ma Ji" (Huang Licheng) has earned two more profits from PUMP trades, notching 12 consecutive profitable PUMP trades over the past week with cumulative gains of $2.14 million. His current long positions include: 34,100 ETH worth approximately $92.98 million; 456 BTC valued at around $39.41 million; 174,500 HYPE worth roughly $15.84 million; and 425 million PUMP valued at about $2.72 million.
8 minutes ago
Drift Foundation: DFX is not pegged to 1 USDT, and the current recovery pool covers only approximately 1% of claims.
Drift Foundation has issued a statement on DFX-related matters, clarifying that DFX is not pegged to 1 USDT. For every verified 1 USDT in user losses, claimants will receive 1 DFX, though the actual redemption amount depends on the recovery pool’s asset balance at the time of redemption. The recovery pool currently covers only roughly 1% of total claims. Redemption is not mandatory: users may hold DFX and retain their claim to the recovery pool as funds are deposited into the pool and DFX supply shrinks, or trade DFX on secondary markets including Raydium. Tether has committed up to 127.5 million USDT to support Velocity’s restart and user asset recovery, but this funding will be matched against Velocity’s net protocol revenue and has not yet been disbursed as a lump sum. The deadline for DFX claims is January 1, 2028. Already claimed DFX will not be burned. Users who previously failed to claim have their allocated amounts intact and can reattempt the process; the website wallet warning issue has been resolved.
8 minutes ago
Machi extends winning streak to 12 trades on $PUMP, profits $2.14M; holds $92.98M $ETH, $39.41M $BTC
Machi(@machibigbrother) won 2 more trades on $PUMP, making it 12 wins in a row over the past week, with a total profit of $2.14M. Current long positions: 34,100 $ETH ($92.98M) 456 $BTC ($39.41M) 174,500 $HYPE ($15.84M) 425M $PUMP ($2.72M)
