BitForex Goes Dark With $57M

🔍 BitForex Offline Amid $57M Mystery

Website Offline: The BitForex cryptocurrency exchange website went offline following a reported $57 million withdrawal from its hot wallets on February 23. This incident occurred shortly after the company's CEO stepped down in January.

Previous Concerns: BitForex was previously flagged by Japanese regulators for operating without a license. Additionally, a 2019 Chainalysis report suggested the possibility of BitForex faking trading volumes.

Current Status: As of now, BitForex has not provided any updates since February 21. The reasons behind the website going offline and the large withdrawal remain unclear, raising concerns among users and stakeholders. Read More.

️ On today's Top Picks:

  1. 📈 MicroStrategy buys more Bitcoin.
  2. 🏆 Blast competition winners announced.
  3. 🪂 Aevo Co-Founder posts, "$AEVO soon?."
  4. 💰 Avail raises $27M in Seed funding.

Read time: ⏰ 6 minutes


Crypto News


US Department of Energy halts investigation of cryptocurrency miner energy use following lawsuit.

Binance $4.3B plea deal with US Department of Justice approved.

• ⭐️ MicroStrategy $MSTR buys an additional ~$155M worth of Bitcoin $BTC.

Justin Sun suspected wallet buys an additional 13780 Ethereum $ETH.

eToro CEO considers IPO after plans to go public via merger are scrapped.

Alpha


Puffer Chapter 3 of Puffy's Crunchy Carrot Quest is live.

• ⭐️ Blast Big Bang Competition winners announced.

Ethena Epoch 2 of the Shard Campaign is live.

Uniswap posts, "The team is cooking this week T-1 day 👀" on X.

Airdrops


Bebop Airdrop Strategy by Earndrop.

• ⭐️ Aevo Co-Founder posts, "$AEVO soon?" on X.

deBridge posts, "Loyalty will be rewarded" on X.

SyncSwap posts, "wen" on X, potentially hinting upcoming token.

Mute posts, "Soon ™️ Feb. 29th 🤫" on X.

Element NFT Marketplace posts, "It seems like we need a DAO..." on X.

FriendTech hints at an airdrop with X post illustrating parachutes and crates of diamonds.

Parcl introduces $PRCL token with it coming in April.

Finance News


Ark Invest sells an additional ~$16M worth of Coinbase $COIN shares.

Goldman Sachs $GS & Mubadala sign $1B private credit Asia-Pacific partnership deal.

BP $BP executive's husband pleads guilty to insider trading $1.76M after eavesdropping on work calls.

Ant Group outbids Citadel for Credit Suisse's China unit.

Security and Exploits


MicroStrategy X account hacked, posts wallet drainer links.

RiskOnBlast rugpulls 420 Ethereum worth ~$1.3M.

Aleo mistakenly exposes KYC of 10 community members due to copy/paste error in email metadata.

Intmax launches bounty program for their Plasma Next architecture.

LockBit Ransomware Group returns using new infrastructure after law enforcement previously seized control.

Avast fined $16.5M for storing and selling customer information without their consent.

Token Unlocks


• Nym $NYM / 25M / ~$5.2M / FEB 26
• Yield Guild Games $YGG / 16.69M / ~$9M / FEB 27
• SingularityNET $AGIX / 8.97M / ~$6.6 / FEB 27
• Echelon Prime $PRIME / 1.66M / ~$21M / FEB 28
• Sui $SUI / 4M / ~$6.6M / FEB 28
• Optimism $OP / 24.16M / ~$88.7M / FEB 28
• Euler $EUL / 92.5K / ~$520K / FEB 29
• Manta $MANTA / 1.87M / ~$5.6M / FEB 29
• dYdX $DYDX / 33.33M / ~$117.7M / FEB 29
• ZetaChain $ZETA / 5.29M / ~$12.3M / FEB 29
• Acala $ACA / 27.43M / ~$2.9M / FEB 29


Funding


• ⭐️ Avail, a Web3 infrastructure layer; raises $27M in Seed funding led by Founders Fund and Dragonfly.

OX FUN, a gamified perpetuals exchange; raises $4M in funding led by Foresight Ventures.

Shuffle, a crypto casino and sports betting platform; raises $2.5M in funding.

Singularity, an institutional-grade DeFi access layer; raises $2.2M in funding led by gumi Cryptos Capital.

5ire, an L1 EVM compatible smart contract platform; raises an undisclosed amount in funding from Gotbit.

Delphinus Lab, a trustless computation provider; raises an undisclosed amount in funding from OKX Ventures.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Uniswap V3 logoUniswap V3 (Ethereum)USDCWCOMAI65.38%
Turbos logoTurbos (Sui)USDTUSDC63.76%
Notional V3 logoNotional V3 (Arbitrum)NUSDC48.76%
Aerodrome logoAerodrome (Base)DOLAUSDC46.65%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT44.31%
Umami Finance logoUmami Finance (Arbitrum)GMUSDC43.35%
Vela Exchange logoVela Exchange (Arbitrum)USDC34.06%
Cetus logoCetus (Sui)USDTUSDC33.73%
. . .

Unlock farming potential with Opal!

Tired of navigating the complex world of yield farming? Opal streamlines this process for you. Deposit your ETH derivatives to delegate liquidity management burdens and auto-farm high APRs on multi level incentive structures.

With Opal, your assets are automatically rebalanced to ensure they're always in the most profitable farms available in Balancer and Aura Finance.

Ready to get a portion of the $GEM airdrop? 💎

Opal is airdropping 10% of the $GEM supply to active community members and power users of the protocol. Criteria include Zealy points, TVL share and Governance activity.

🟣 Join Opal's Discord Server to get started →

. . .

That’s it for today’s edition! See you soon.

Join the conversation

or to participate.