This 3 wallets was those who selled a HUGE amount of EGLD
They we're created at the same time and received some fund from Binance, then they deployed a smart contract (in blue) with called a method "deploy" with this one in green (i think)
After Smart Contract deployment, they call a method "Withdraw" and received over 1600k EGLD ? WTF HOOOW ? from where come from the money ? if they are some #Elrond devs here, i will glad to know more about this
The 3 wallets received, 800k, 400k and 450k #EGLD and started to dump them 200k USDC by 200k USDC (Blue), Unwrap them to have USDC on ETH chain (Pink) and then bridge them (Green)
One account done a unique bridge with UTK, maybe he wanted to buy more, make yourself comfortable we will say nothing...
They started to dump them at 22h08 as a test and then like a chain industry, #EGLD lost 92% of his value in 38 min, then Elrond Team stop Maiar Dex and put it in maintenance
On the 1,650 millions EGLD, they sold 951 of them and succeed to bridge 5,6 millions of USDC before the maintenance.
this account sended 38k to Binance but 50k still here
in conclusion :
on the 1,650 m EGLD :
=> 5,6 m USDC and 38k EGLD are gone
=> 10 m USDC, 170k UTK and 180k EGLD still on the 4 wallets (1) (2) (3) (4)
When i see this, i open a little short on Binance, take a 60% profit but i'm pretty suprised that the price don't go more deeper with this story, hope it's a good things
The secret about this story is from where this fucking million #EGLD appears ?
They don't came from a Bridge, only UTK and USDC can be bridged, so from where ? I hope this is not a flaw in the blockchain who alowed to created EGLD.
We can see only 2 transaction on the SC
There is no one incoming transaction, so it's very weird, if you have information about that, wrote it in comment please !
If someone know how to check the smart contract code please tell me (i don't know if its possible)
If i found something new i will post it under this tweet, thanks for the sharing guys.
For french people i will certainly wrote an article on @Cryptovore_fr so don't hesitate to follow this account and mine ! Thanks and take care about your coins ♥️
NEWS :
I tracked 3 adress that received the bridged USDC, the bridges ETH SC :
analyze it anyway, Thanks @Skyzox for the corrections
this account received 700k USDC (1) and buy EGLD first time at 57$ and then at ~5$
On this transaction, this wallet buy 1000 #EGLD for an price of 5,4$ (2)
in Total the bot buyed 98200 EGLD at the average price of 5,7$ (3)
Then he send ~70k EGLD on Binance and Kucoin wallet that i mentionned upper (1) (2) ~30k still on this wallet (4)
But i don't know where the 104k USDC that are not used ? i verify many times all transactions, maybe i must to sleep ^^ it's not very important but trigger me
remember not fudding, just analysis, and short a coin to catch the fears its not fud, just opportunity to have more liquidity to buy back more🙃
and the end of the fears ? ELGD back to 71$ on @eCompass_io
always against the storm, Elrond ♥️
NEWS
3 of 4 account who are in cause yesterday just send all their fund that still in the wallet
Wallet (1)/(3)
Wallet (2)/(4)
we don't see the value of the egld wallet, sorry for the bad screen but trust me all the funds have been sent to this new address, I made the count
Wallet (1) and his fund during the maintenance (2) the
384k tokens sended was in the EGLD Balance that i did't count yesterday.... sorry i made a sleepless night when i wrote my thread
only ~800k EGLD was sold (not 951k) and ~88k send on the fourth wallet
so the real calcul of all token they obtained :
~820k (on wallet) + ~800k (sold) + ~38k (send on binance) = 1.658m
the count is better like that ^^"
I don't know what this new wallet is.
I see some unverified sources in the twitter space that say this wallet is to the elrond team that takes back the tokens. But I haven't seen any trust argument, it can still be the hacker's.
The team of Elrond will tell us.
Finally, from what I've talked to several devs:
It appears that the hackers are using a loophole on the liquidity of the wEGLD <> EGLD smart contract, and with the taking of all the wrapping liquidity for EGLD pairs, the amount they sold had a huge impact on his price.
I can't explain how the loophole works, it's beyond my knowledge. I let the devs on twitter space or Elrond Team explain it to us !
This tweet it's the very end of this Thread, i will quoted retweet this if we have some very new trusted information !
Good night everyone
• • •
Missing some Tweet in this thread? You can try to
force a refresh
🚨Take this with HUGEEEEE cautions, it's remains speculative until I don't make more research. 🚨
BUT @binance seems to be undergoing a withdrawal DDOS attack on $EGLD network, #MultiversX .
As you may know, #EGLD on Upbit made a huge x4 in 8 minutes on @upbitglobal, hitting 200k KRW ~150 dollars at midnight UTC.
Some weird move started 10/20 minutes before the pamp on Upbit. 2 Bot flooded Binance Withdrawal with the minimal withdrawing 0,01 EGLD at a max rate of 10/20 transaction per block.
This occured a bit also on Okex and Kraken before the pump, maybe to test the most reactive exchange ? but when the pump started, it was concentrated mainly on Binance, these two account made 3500 transaction in ~ 1h30.
Interestingly, another bot started to withdraw more than 40k EGLD JUST before the pump and then them to Upbit, 1 min before, he probably knew what will coming.
I check with 1s timeframe on upbit, the pump started exactly at midnight UTC, not before, there was no reason for this bot to be triggered 1 minute before.
Also it's looks like he tried to test the sending between both exchanges half an hour before the action, 3 withdraw from Binance, for 3 withdraws on Upbit (page 20).
All this is probably an attempt to block the Binance arbitrageurs (who are probably the most active as Binance hold most of the liquidity) as much time as possible, to their profits.
Coming probably with more information if i find anything else in the next hours, below this tweet, make sure to Bookmark the tweet !
Please, don't fall in the easy assomptions, it's not out of the question that these are misconfigured bots, although I find that hard to believe.
@cz_binance, maybe worth to tag you on this, maybe your team have some information.
@binance @upbitglobal Binance withdrawal reserves are totaly empty now, don't worry they have a 2 millions reserves on another account.
They stopped the withdrawal on $EGLD only it seems, some $UTK still come out of the platform.
whether you love or hate the degen spirit, it's a subculture that's here to stay, at the crossroads of everything internet culture has produced in the last 20 years. And it's through its references, codes and meme that the metaverse will also take shape.
This culture brings people together, making us laugh at everything that web3 can represent, in its best and worst events, it's part of the history of all chain and ecosystem that's being perpetuated.
We often think that a good application should be able to switch from one functionality to another with a minimum of clicks. To anywhere? I promise you, there's one place you wouldn't want to have easy access to...
Yesterday I accompanied a friend who was to sell luxury watches to a person supposedly specializing in the field.
New week rhymes with new Thread on Blok to give you a complete view and as deep an understanding as possible, today we're digging into the project's tokens
If you haven't read the previous threads, which gave an overview of the project and a tradFi-oriented explanation of Blok's Bond and SPV concepts, I'll leave them here for you!
What if the virtual and isolated aspect of our cryptos is about to disappear?
Web3 lovers, you should not miss this attempt to give you the keys to understand the future, and what we will call the #xMoney.
RT very appreciated ⚡
For French people, the article is available especially for you here :
Pour les personnes française, l'article est disponible spécialement pour vous ici, N'oubliez pas que vous pouvez gagner 10k UTK en retweetant ce thread! Merci pour votre soutiens 🫶
"Ihbou", "Mister xMEX", "CaviarEggs", "Worst Scammers Ever", call him as you like, is behind xBurn or at least strongly linked to it !
Keep it simple, no long thread just the facts ⬇
RT ABSOLUTELY NECESSARY
The xBurn team wallet has cashout their Launchpad revenue from @OneDex_X to a MEXC wallet, shared with a second wallet actively trading spread differences on @jexchangeP2P.
Given the low usage of MEXC, it was very easy to find the wallet where the cashout occurred, a few minutes after it was sent to the platform, ELGDs return directly on CaviarEggs wallet,