BREAKING: ARKHAM UNCOVERS $3.5B HEIST - THE LARGEST EVER

LuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth approximately $14.5 billion.

Neither LuBian nor the hacker have publicly acknowledged the hack. Arkham is the first to report it. Details below:


LuBian was one of the world’s largest mining pools in 2020, controlling almost 6% of the Bitcoin network’s total hash-rate as of May 2020.

They appear to have been first hacked on December 28th, 2020 for over 90% of their BTC. Subsequently, on December 29th, around $6M of additional BTC & USDT was stolen from a Lubian address active on Bitcoin Omni layer.

On the 31st, LuBian rotated their remaining funds to recovery wallets.

DID THE US GOVERNMENT JUST SELL 170,000 BTC ($20 BILLION)?

No. This Freedom of Information Request response from the US Marshals Service (USMS) cites them as holding 28,988 BTC ($3.4B), but other departments of the US Government also seize and hold Bitcoin, including the FBI, DOJ, DEA, and US Attorney’s Offices.

The US Government currently holds at least 198,000 BTC ($23.5B) across multiple addresses held by different government arms - none of this has moved for 4 months.


$13.65B of US Government BTC was seized from the Bitfinex Hackers.

Of the USG’s current holdings, 94,000 BTC were seized from Ilya Lichtenstein and Heather ‘Razzlekhan’ Morgan in 2022, 6 years after they were stolen. Subsequent seizures brought this total up to 114,599 BTC (currently $13.65B) from the case.

The Bitcoin was originally stolen from Bitfinex customers, and may eventually be returned through legal process.

Most of the BTC is held in this address: bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt

SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES ... SO WE DID

We have identified an additional 70,816 BTC belonging to Strategy, bringing our total identified MSTR BTC holdings to $54.5 Billion. We are the first to publicly identify these holdings.

This represents 87.5% of total MSTR holdings (including assets in Fidelity Digital’s omnibus custody). Previously, we tagged:

- 107K BTC sent to MSTR Fidelity deposits (Fidelity does not segregate custody, so these BTC do not appear in the MSTR entity)
- Over 327K BTC held in segregated custody including Coinbase Prime, in our MSTR entity.

CHINESE MAN BURNS $1.3M ETH CLAIMING ATTACK BY BRAIN-COMPUTER WEAPONS

This morning, an address sent $1.3M of ETH to the burn address, accusing some Chinese investors of using “brain-computer weapons”. It is now completely unrecoverable.

Did the brain-computer weapons make him do this?

Address: 0x1a19c370EA73d67a0a91085811A1E89e89B36813


He enclosed a message in Chinese: “The CEOs of Kuande Investment: Feng Xin and Xu Yuzhi used brain-computer weapons to persecute all company employees and former employees, and even they themselves were controlled.”

The address appears to be controlled by “Hu Lezhi” who claims to be an “ordinary programmer and entrepreneur”

LIBRA-CONNECTED ADDRESSES EXTRACT >$100M

Last night the President of Argentina, @JMilei posted a contract address of a Solana memecoin “LIBRA”

LIBRA hit a max valuation of over $4 BILLION before falling over 95% in less than 6 hours, and the tweet was later deleted.

Breakdown below:


70% of the supply is held in 2 addresses, while 15% of supply was directly deposited into Meteora LP by the Developer address.

The developer address has claimed over $20M in trading fees from these deposits.

Additionally, 7 different addresses received a total of 60M LIBRA tokens from the deployer - each of these addresses deposited LIBRA into liquidity pools and later extracted SOL/USDC.

ROSS ULBRICHT LOST $12M ON PUMPFUN...

Ross Ulbricht, or someone with access to his wallets, just accidentally nuked the price of a pumpfun coin sent to him while trying to provide liquidity on Raydium.

Because he initialized the liquidity pool at the wrong price, $1.5M of the token (5% supply) was instantly taken by a MEV Bot, then sold into the existing pool.

Then he did it again and he lost another $10.5M. (35% supply)


Ross Ulbricht’s Solana donation address received 50% of the supply of ROSS (Ross Ulbricht Fund) from the developer last week.

Ross tried to add single-sided liquidity to sell the coins off passively, but accidentally created a pool with Raydium CPMM (Constant-Product Market Maker) instead of CLMM (Concentrated Liquidity Market Maker).

DID TRUMP SELL $500M TRUMP?

In short, no. The team holds around ~$500 M in TRUMP liquidity pools on-chain. They have removed a total of $20M from these pools as USDC. Separately, they appear to have sent $92M in TRUMP to exchanges.

Deep dive below:
$TRUMP is 80% locked, with 10% for Liquidity and 10% for ‘Public Distribution’.

100M TRUMP was sent to the TRUMP Liquidity Provider, which added liquidity on Meteora.
8tKLhRyFC3RsQ41APTqKdzr9DdeGqV2RtRgSjVgsY4xb

another 10% was split between 3 wallets:

Initial TRUMP Deployer (kept 14M TRUMP)
5e2qRc1DNEXmyxP8qwPwJhRWjef7usLyi7v5xjqLr5G7

TRUMP Team Wallet 1 (received 56M TRUMP)
2Fe47zbh8svDNGNehFy1NY8bsjQNtomvKFuq1jNgWSkv

TRUMP Team Wallet 2 (received 30M TRUMP)
7qtDv72fGzuuGmyg1FkTxBybYH2sXkUd6u8WXwnkRnpE

ANNOUNCING ARKHAM EXCHANGE POINTS

Users can earn Arkham points based on their trading volume on the Arkham Exchange.

Points are available for everyone. VIPs who open an Exchange account can earn a 10% boost on their earned points so far.

Points earned by VIPs for Intel Platform referrals remain valid.

During the first 30 days of trading, Arkham VIPs can continue to earn points for Intel Platform referrals and VIP nominations as they have previously done so.

ANCIENT BITCOIN WHALE JUST SENT BTC TO KRAKEN

A Bitcoin whale holding $77M BTC mined in Bitcoin’s FIRST 2 MONTHS just moved 5 BTC to Kraken.

In his address this whale still holds 1215 BTC ($77M).

His Bitcoin had been mined in 2009, in February and March - 1 MONTH after Bitcoin’s launch.


After moving several times from 2011-2014, his Bitcoin was then held dormant for almost 10 YEARS straight - during which it increased in value from $474K to over $80M.

This whale woke up around 3 weeks ago, and has moved 10 Bitcoin to Kraken so far in 3 separate transactions.

BREAKING: BHUTAN GOVERNMENT’S $750M BTC NOW ON ARKHAM

Bhutan’s Bitcoin holdings are now labeled on Arkham. These holdings come from Bitcoin mining operations carried out by the Kingdom of Bhutan’s investment arm, Druk Holdings.

Arkham is the first to publicly identify these addresses. Bhutan is the 4th largest government with Bitcoin holdings on our platform, with over $750M in BTC.

Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from Bitcoin mining operations, which have ramped up dramatically since early 2023.

The Battle for the First Block

There are fewer than 200 blocks before the Bitcoin Halving occurs - estimated at around midnight between Friday and Saturday.

The first block of the halving, 840,000, will contain etching transactions for the first Runes tokens on Bitcoin, as well as a single Epic Sat - likely leading to a heated fight over perhaps the most valuable 4MB of blockspace ever.

What does this mean?


Runes by @rodarmor are fungible tokens running on Bitcoin. The Runes protocol will launch at block 840,000 exactly.

That makes 840,000 the first block in which new Runes tokens can be “etched” (deployed) on Bitcoin.

On Thursday, GCR sent $1M of ETH to a new Binance deposit.

This revealed some previously unknown accounts using the same deposit address.

These accounts:
-Hold $4.3M of TRUMP and $830K of OX
-Farmed Eigenlayer with $12 Million of ETH
-Ran a sniper bot on Friendtech under the (former) name ‘azukipunk112’

Let’s dive in: This deposit is connected to the account that @GCRClassic used to purchase the Achi NFT - more commonly known as dogwifhat.

He bought it on March 18th for 1210.8 ETH ($4.33M).

He just deposited the remaining 310 ETH to a new Binance Deposit, 0x7CB.



Here’s some of the other accounts using this deposit.platform.arkhamintelligence.com/explorer/addre…

Imagine selling $100M of $WIF for less than $10K.

You’ve probably seen traders booking 100x gains all over the timeline - but how many times have you seen them sell early or roundtrip?

Here’s the Top 5 fumbles of 2024 so far: $WIF Fumble: $156M

Solana User 9Vdm was an early trader of $WIF, buying 40.7M tokens within the first two weeks of its launch - then worth only $10,000.

Unfortunately, he fumbled - and sold it all for a $5000 loss 3 days later.

Today, his bag would have been worth $156M.

Address: 9VdmVsUimBqJLVAHkhNwtjMQYv1aKNqxSSEC6xvvDCVv

ALL 10 BTC ETFS NOW ON ARKHAM

On-chain addresses for the Invesco, Valkyrie, and ARK Spot BTC ETFs are now on Arkham.

We are the first to identify all 10 BTC Spot ETFs. For ANY BTC ETF, you can now:

-Access their current balances
-Review their past movements
-Set alerts for future transactions
-Visualize interactions with other wallets on-chain

225x on Solana: Trader Turns $6K into $1.35M

Solana low-cap season is back.

Here’s a trader who has been making the most of the mania, turning $6K of SOL into millions in realized profit. onchainclown.sol is a user who has traded dozens of meme coins over the past 2 months, some far weirder than others.

While everyone’s eyes were on the ETF, onchainclown was buying a coin called “Joel”, based on a meme of a spinning fish.

He’s made a 7x so far (around $20K).

AVAX is up 122% in the past 30 days - and has hosted its own mini alt-season amidst some incredible volatility on-chain.

Here are some of the best - and worst - performers on AVAX over the past week: COQINU ran from $4k market cap to $48.9M in under 5 days - kicking off a wave of memecoin speculation on AVAX.

Some early COQINU buyers like 0xB44 performed exceptionally well.

Aerodrome Finance launched just last week and is already dominating DeFi on Base - briefly reaching $200M TVL in its first 72 hours.

@AerodromeFi currently makes up almost 50% of global TVL on Base!

But what is Aerodrome? And who were the biggest farmers? Aerodrome is a fork of the largest DEX on Optimism, @velodromefi.

Velodrome uses Andre Cronje’s Solidly model to incentivise liquidity in its most active trading pools.

There is $160M in Velodrome’s trading pools on Optimism - Aerodrome surpassed its TVL in the first 24 hours.

BNB Chain recently began to liquidate the account that took $570M from their Bridge in October 2022.

The BNB Bridge Exploiter held one of the largest positions in DeFi for the past 10 months, after borrowing $147.5M from Venus Protocol against 900K stolen BNB.

Here's a recap:

https://twitter.com/VenusProtocol/status/1692421277762412586

Last year, the BNB Bridge Exploiter stole 2M BNB tokens from BNB Chain’s Token Hub after exploiting a bug in the BNB Bridge.

Instead of selling off their ill-gotten gains, the Exploiter deposited 900K BNB to Venus, to borrow almost $150M in stablecoins.

Michael Egorov is not only the Founder of Curve, but also a serious DeFi poweruser, regularly moving millions of dollars across DeFi.

This is to maintain his massive stablecoin borrow positions, which run deep into 8 figures!

Let's take a look at what he's been up to lately👇 On 13th June at 7pm UTC, Egorov unstaked and removed liquidity for his LDO-ETH position, receiving $2.28M in LDO tokens and $2.23M in ETH.

He went on to stake the ETH to sfrxETH (Staked FRAX Ether), and supply it to his position on FraxLend.

This morning, $200M worth of DAI was minted and burned by MakerDAO in the same block.

It was part of an arbitrage transaction with a net profit of... $3?

Why did this happen - and what does this mean?

Details below 👇 This transaction was performed by an arbitrage bot that used Flashloans in order to supply the capital for its transaction.

The reason that the DAI amount is so high is due to MakerDAO's 'DssFlash' contract, which allows zero-fee borrowing on any amount of DAI.

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This morning, $1 Billion USDT was minted to the Tether Treasury.

This was an inventory replenishment to support chain-swaps and customer deposits.

https://twitter.com/paoloardoino/status/1668165749926424580

The last time Tether minted on Ethereum was in late April 2023.

Note the large amount of mints in mid-March, with users moving over to USDT after USDC depegged!