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Nov 13 ā€¢ 8 tweets ā€¢ 6 min read
We did an analysis of wallets of Crypto.com.

1.šŸ§µ
Here are some of our findings:šŸ‘‡
#CryptoCom
2.
5 Ethereum wallets and 6 BTC wallets of Crypto.com hold a total of $2.68B assets.

Including:
- 51,836 $BTC($857M)
- 58T $SHIB($531M)
- 364,969 $ETH($446M)
- 184M $USDT
- 88M $USDC
- 1.2B $CRO($80M)
...
3.
Crypto.com holds 58T $SHIB($531M), surpassing $ETH and accounting for nearly 20% of total assets.

And Crypto.com also holds 1.2B $CRO($80M), accounting for 3% of the total assets.
4.
Crypto.com holds $1.6B worth of BTC/ETH/USDT/USDC/DAI/BUSD assets, accounting for 60%.

40% of assets are low liquidity assets.
5.
We found that Crypto withdrew a total of 210M $USDT from #Binance and 50M $USDC from #Circle before @krisā€™s announcement of reserves.

@kris @cz_binance Could you please explain this?

Here is some on-chain proof of withdrawal.šŸ‘‡
6.
Withdrew 210M $USDT from #Binance.
etherscan.io/tx/0x802b82177ā€¦
etherscan.io/tx/0x94f1fbd62ā€¦
etherscan.io/tx/0x1f3a28b8cā€¦
etherscan.io/tx/0x8deb2b85fā€¦
etherscan.io/tx/0x26b4aaffbā€¦
etherscan.io/tx/0xe049ede67ā€¦
etherscan.io/tx/0x28eff895bā€¦
etherscan.io/tx/0xd16849cdaā€¦
7.
Withdrew 50M $USDC from #Circle.
etherscan.io/tx/0x82ea7ebc9ā€¦
8.
If you have funds on Crypto.com, please pay attention to the safety of your funds.

They hold a lot of $SHIB and $CRO.

And they withdrew 210M $USDT from Binance before releasing the reserve, which is very strange.

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More from @lookonchain

Lookonchain Profile picture
Nov 14
ApeCoin ( $APE) dropped 49% from $5.2 to $2.65 under the influence of #FTX/#Alameda.

We found that influencers sold $APE before the price crashed.

1.šŸ§µ
I will share them with you.šŸ‘‡ Image
2.
 @j1mmyeth

He received an airdrop of 809,500 $APE($6.9M at that time) and hosted all the $APE to address "0x39b5".

He sold 169,070 $APE ($2M) at $11.87 on Apr 18.

Then he sold 638,000 $APE($2.3M) at $3.61 on Nov 7 and Nov 9.

He only holds 4,495 $APE($13,082) now. ImageImage
3.
 @dingalingts

He received an airdrop of 1,434,898 $APE($12.3M at that time).

Then started selling $APE on October 23, and by November 4, he sold a total of 143,500 $APE ($645,400), with an average selling price of $4.5.

He holds 412,534 $APE($1.2M) now. ImageImage
Read 5 tweets
Lookonchain Profile picture
Nov 14
1/ $USDD is not safe!

#USDD has been depegged since Nov 9 and has not returned to the peg!

#USDD reserves decreased by 548M $USDC

Justin Sun used the 350M $USDC in the reserve to repay the loan in #Justlend.

The real Collat. Ratio is only 50%!

Here is some evidence.šŸ‘‡
2.
#USDD has been depegged since Nov 9 and has not returned to the peg!

Now the trading price is $0.9812.

And #USDD accounts for 81.25% of the Curve USDD/3CRV pool. ImageImage
3.
On Nov 10, #TRON still had 990M $USDD in its reserves, and now there is only 442M $USDC left.

548M $USDC disappeared? @justinsuntron

Image
Read 10 tweets
Lookonchain Profile picture
Nov 11
What happeded to #BlockFi ?

1.šŸ§µ

A thread tells you how #BlockFi got to the brink of bankruptcy.
2.
BlockFi is a CeFi platform that provides cryptocurrency deposits and lending services.

I will tell you about #BlockFi from:

- Wrong decision to invest in GBTC.
- Loans that 3AC cannot repay.
- FTX Crash.
3.
 Wrong decision to invest in GBTC.

#Blockfi is the 2nd holder of GBTC with19.85M shares in GBTC trust ($500M) in July 2021.

They received large BTC deposits from investors at a 5% interest rate.

And deposited into GBTC to make profit by high premium.
Read 11 tweets
Lookonchain Profile picture
Nov 10
1/ #USDT has now returned to the peg and and is trading at $0.9985.

The #Curve 3pool is in balance, with $USDT accounting for 67.47%.

While most people are in panic, @maplefinance has made over $1.2M with $USDT depegging.

How did he do it?šŸ‘‡ ImageImage
2/
5 hours ago, when $USDT depegged to $0.99, Maple withdrew 48.78M $USDC from #Circle and exchanged for $USDT.

He also borrowed 100M $USDC from #Aave to exchange for $USDT.

And he received a total of 150.1M $USDT with an average exchange rate of 0.9912. ImageImage
3/
Then he transferred 149.9M $USDT to Bitfinex, which was converted into US Dollars at a ratio of 1:1.

So he can deposit these US Dollars into #Circle and withdraw $USDC.

He made a profit of more than 1.2M USD! Image
Read 4 tweets
Lookonchain Profile picture
Nov 10
1/ $USDD has started to depeg and is trading at $0.9788.

The USDD vs. USDC/USDT/DAI pool is out of balance, with USDD accounting for 82.27%.

What you need to know about $USDD.šŸ‘‡
2/
What happened on on-chain?

On November 8, whale 0x3f34 exchanged 4,495,446 $USDD for 4,466,269 $USDT, with a ratio of 0.9935.

After that, $USDD started to depeg.

18 hours ago, whale 0x3155 exchanged 6,653,731 $USDD for 6,519,662 $USDC, with a ratio of 0.9799.
3/
How about the #Tron reserve for $USDD?

The total $USDD supply is $725M and total collateral $2B.

Collat. Ratio is 283.01%
usdd.io/#/
Read 6 tweets
Lookonchain Profile picture
Nov 9
Some of our fans in the telegram group are worried about #Kucoin's shortage of funds.

We analyzed the stablecoins hold by #Kucoin and found that in the past 7 days, there were not too many stablecoins flowing out from #Kucoin.

1.
A short thread.šŸ§µ
2.
Data from Nansen shows that #Kucoinā€™s stablecoin holdings on Ethereum have decreased by $236.6M in the past 7 days.

This is the main reason why users are worried. Image
3.
And we found 4 days ago, #Kucoin transferred 300M $USDT from Ethereum to TRON via #Bitfinex.

So #KuCoin's stablecoins have not decreased, it switched from ERC to TRC network.

Excluding this transaction, #Kucoin has a net inflow of $63M in stablecoins over the past 7 days. ImageImage
Read 5 tweets

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