CJ - Cryptocurrency Enthusiast
Lookonchain, an on-chain cryptocurrency basics analytical platform, has raised concerns about a possible attack on PolyNetwork, a popular decentralised finance (DeFi) platform. Abnormal transactions have been detected, involving the suspicious sales of large amounts of SHIB, COOK, and RFuel for Ethereum (ETH). This has raised alarms about a potential security breach or hack.
The transactions in question involve the sale of 94 billion SHIB for 360 ETH, 495 million COOK for 16 ETH, and 15 million RFuel for 27 ETH. These transactions have been flagged as abnormal due to their significant volume and unusual price ratios.
In addition to the abnormal transactions, hackers have reportedly transferred 1 ETH and other crypto assets to new wallets. This activity suggests an attempt to obfuscate the origin of the funds and potentially prepare for further selling or laundering.
Metis DAO, a layer 2 crypto protocol on the Ethereum network, has confirmed the claims made by Lookonchain and expressed awareness of the situation regarding PolyNetwork. The Metis DAO team is closely monitoring the developments and collaborating with other stakeholders to address the security concerns.
The incident serves as a reminder of the importance of robust secure cryptocurrency measures in the crypto space. Investors and users are advised to exercise caution and remain vigilant during such situations. Updates and further details about the ongoing investigation will be provided as the situation unfolds.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards