News linked to both this project and an event.
according to on-chain analyst Yu Jin's monitoring, over the past 2 days, 680 million SIREN (94% of the total supply) have been “splintered into smaller pieces” by the SIREN whale. This sell-off caused SIREN's price to drop from $1.3 to $0.05, a decline of 96%, netting approximately 64.8 million USDT.In terms of capital flow, approximately 200 million SIREN flowed into centralized exchanges (CEX) such as Binance, Gate, and KuCoin. The majority of the remaining tokens, after the price was driven below $0.1, were bought on-chain by hundreds of addresses, with each address purchasing an average of several hundred thousand SIREN (ranging from thousands to tens of thousands of US dollars in value).The SIREN whale address currently holds approximately 39.1 million USDT on-chain.
According to on-chain investigator ZachXBT, on June 11, the TRON chain address TA6YHq...zCoQ received 120.2 million USDT and subsequently initiated multiple rapid transfers: over $12 million was sent to KuCoin’s deposit address; approximately $8 million was transferred to several instant-exchange platforms; and more than $8 million was bridged to the Bitcoin and Ethereum networks via the Near Intents cross-chain bridge. Additionally, this address placed a large number of Monero (XMR) buy orders, causing XMR’s price to spike briefly from $330 to $420. Minutes ago, Tether blacklisted and froze 72 million USDT in the address TBzrPE...Ak9W, which is directly linked to TA6YHq.
According to on-chain analyst Yujin (@EmberCN), the price of VELVET, the token of DEX platform Velvet Capital, rose from $0.09 to $0.90 over the past few days—a roughly 10-fold increase. During this period, project-related addresses transferred 22 million VELVET tokens—valued at approximately $19.8 million—to exchanges including Bitget, Gate, and KuCoin over the past three days.
According to on-chain analyst Onchain Lens (@OnchainLens), Alameda Research withdrew 162.64 BTC, 274.29 ETH, 315,299 MASK, and 6.877 million USDT from KuCoin over the past two hours, totaling over $20 million in value. Specifically, the BTC is valued at approximately $13.21 million, ETH at around $630,000, and MASK at roughly $168,000.
According to The Block, U.S. musician Garrett Dutton (stage name G. Love) lost 5.9 BTC—worth approximately $420,000—after downloading and using a counterfeit Ledger wallet app from the App Store and entering his recovery phrase. On-chain analyst ZachXBT discovered that the attacker laundered the stolen Bitcoin via the KuCoin platform. This incident once again exposes the security risks posed by fake wallet apps, reminding users to exercise heightened caution when downloading and using cryptocurrency-related applications, and to avoid entering sensitive information through unofficial channels.
According to ZachXBT, BitcoinDepot filed an 8-K on April 6, 2026, stating that it discovered the theft of 50.9 BTC on March 23; on-chain tracking shows that 19 high-confidence theft addresses had already transferred a total of 54.45 BTC as early as March 20—3.55 BTC more than disclosed—and the funds ultimately flowed into KuCoin, indicating the company may have detected the anomaly three days late.