KEYTAKEAWAYS
- Justin Sun Accuses FDT of Misappropriating $500 Million in Custodial Funds
- North Korean Hacking Group Lazarus Group Sells 40.78 WBTC, Profits $2.51 Million
- NEAR Leads Public Chain DApp Active Wallet Ranking
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
JUSTIN SUN ACCUSES FDT OF MISAPPROPRIATING $500 MILLION IN CUSTODIAL FUNDS
On April 3, Justin Sun revealed during a livestream that the FDT platform has frozen over $500 million of his funds, accusing the platform of being “insolvent and potentially engaging in illegal activities.” In a subsequent press conference, he further disclosed that multiple institutions, including FDT, have misappropriated $456 million in fiat reserves backing TUSD stablecoins. Sun specifically named FDT and Legacy Trust CEO Vincent Chok as allegedly approving illegal fund transfers.
Analysis:
This incident exposes major risks in crypto custody services:
- Regulatory vacuum: Cross-border fund custody lacks effective regulatory mechanisms
- Trust crisis: Licensed trust institutions allegedly violating regulations undermines industry foundations
- Systemic risk: Vulnerabilities in stablecoin reserve management could trigger chain reactions
As the case enters judicial proceedings, it may drive the implementation of new global regulations for crypto asset custody. Investors are advised to carefully evaluate the qualifications of custodial institutions and diversify storage risks. How Hong Kong regulatory authorities handle this situation will serve as an important indicator of crypto regulatory trends.
NORTH KOREAN HACKING GROUP LAZARUS GROUP SELLS 40.78 WBTC, PROFITS $2.51 MILLION
According to Spot On Chain monitoring, North Korean hacking group Lazarus Group sold 40.78 WBTC today (worth approximately $3.51 million), realizing a profit of $2.51 million (a return rate of +251%). The group purchased this batch of WBTC in February 2023 at a price of $24,521 per coin (total cost of $999,900 USDT), and sold it 12 hours ago for 1,857 ETH, with an average selling price of $86,170 per coin.
Analysis：
Lazarus Group’s substantial profit (251%) from this WBTC sale indicates that the hacking organization is capitalizing on cryptocurrency market volatility to cash out, potentially to fund further hacking activities or to move funds. The transaction was settled in ETH, possibly to avoid on-chain tracking, highlighting the obscurity of cryptocurrency in illegal fund movements.
NEAR LEADS PUBLIC CHAIN DAPP ACTIVE WALLET RANKING
According to DappRadar on-chain data statistics, the ranking of daily active unique wallets (UAW) for various public chain DApps is as follows:
- NEAR: 3.43 million
- opBNB: 2.05 million
- Matchain: 2.05 million
- Solana: 1.50 million
- SKALE: 1.00 million
- Aptos: 993,400
Analysis:
NEAR strongly leads with 3.43 million UAW, demonstrating its ecosystem’s robust user appeal. SKALE has surpassed Aptos to enter the top five, reflecting growing market recognition for modular blockchain solutions. Overall, the competitive landscape between emerging public chains and traditional ecosystems is being reshaped.
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