News Heat Trend
Project Overview
Tokenlon is a decentralized exchange that aggregates liquidity from multiple sources, including RFQ market makers, Uniswap, and Curve. It provides users with faster and better-priced decentralized token exchange services.
Related news
Spending 5.044 million USDT, an address awakened after 8 months of dormancy to purchase 2,447.49 ETH
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address that had been dormant for 8 months has been awakened. 40 minutes ago, it made a single purchase of 2,447.49 ETH through Tokenlon, spending 5.044 million USDT, at a cost of $2,447.49 per ETH. The address had previously taken profit on ETH at approximately $3,016 about 9 months ago.
ZachXBT Accuses Tokenlon and imToken of Involvement in Fraud and Illegal Fund Flows
on-chain sleuth ZachXBT posted on platform X, publicly criticizing Tokenlon and imToken, claiming they have become high-risk channels for illegal fund flows and stating that further action will be taken against the relevant platforms. According to him, the majority of Tokenlon's transaction volume originates from pig butchering scams, investment fraud, and various illegal market activities, and he directly stated that its co-founder, Ben He, should "bear legal responsibility for the relevant actions." He indicated that he will continue to investigate and take action against the Tokenlon and imToken ecosystem in the future. Tokenlon has almost no real transaction demand outside of Southeast Asia, and a significant proportion of its on-chain activity is related to illegal fund flows, with this issue having markedly intensified since 2022.Furthermore, ZachXBT also named several so-called offshore large-scale trading and aggregation platforms, including Butter Network, HiFiSwap, Bridgers / SWFT, and Tokenlon, stating that they should face stricter regulation and enforcement due to potential criminal activities.