News linked to both this project and an event.
According to MLM monitoring, of the 3.75 million HYPE sold by an address via OTC last month, 3.125 million were staked to a wallet and delegated to a validator collaborating with Hyperliquid Strategies and Unit. The remaining 625,000 HYPE were transferred to another wallet on HyperEVM. After lying dormant for nearly three weeks, that wallet sent 1 HYPE to a new wallet yesterday as a test. Just about an hour ago, the remaining 625,000 HYPE were fully transferred to that new wallet and cross-chain transferred from HyperEVM to HyperCore.
Odaily reports: According to MLM monitoring, of the 3.75 million HYPE traded over the counter last month, 3.125 million were staked to a single wallet, with validators Hyperliquid Strategies and Unit; the remaining 625,000 were transferred to another wallet on HyperEVM and left idle for nearly three weeks. Yesterday, that wallet sent 1 HYPE to a new wallet; the new wallet received funds the same day through several transfers, with the funds coming from a wallet associated with TradeXYZ's Hyperliquid purchases. Currently, the 625,000 HYPE has been transferred into this new wallet and moved from HyperEVM to Hypercore. MLM speculates that ICE is the buyer of the 3.75 million HYPE, but this has not been confirmed; the 625,000 HYPE may have been transferred to TradeXYZ as part of an ICE investment, and on-chain links suggest this portion of HYPE may belong to TradeXYZ.
Odaily reports: South Korea's amended Foreign Exchange Transactions Act will take effect on December 3. According to the Bank of Korea's manual, domestic virtual asset service providers must report cross-border transfers in and out of crypto assets on a transaction-by-transaction basis by 11:00 AM on the next business day after the transaction is completed, including the transaction time, coin type and quantity, KRW-equivalent amount, fees, and information on both sender and recipient. Service providers must also submit a monthly balance report, FX1021, by 5:30 PM on the 10th of the following month, reporting each user's month-end holdings, KRW-equivalent balance, and total cross-border inflows and outflows for the month, covering dormant accounts, delisted coins, and staked assets; direct transfers between personal wallets are not within the reporting scope. The retroactive scope is based on users who have at least one cross-border transfer record since the Virtual Asset User Protection Act took effect on July 19, 2024, involving a total of 1,272,878 people across the five major exchanges. The Bank of Korea said the data will be shared with the National Tax Service, Korea Customs Service, Financial Supervisory Service, and Financial Intelligence Unit; the central bank is considering relaxing the retroactive starting point to December 3, with the final scope to be determined in November.
According to reports by Korean media outlet Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on Oct. 22 regarding the administrative lawsuit between Bithumb and Korea's Financial Intelligence Unit (FIU). The FIU found that Bithumb conducted 45,772 transfers with 18 unregistered crypto asset operators between August 28, 2022, and April 3, 2025, and accordingly issued penalties, which included a partial suspension restricting new customers from transferring crypto assets externally for six months. Bithumb stated during the hearing that transfers of 1 million KRW or above are subject to the "travel rule," and since unregistered operators have been removed from the list of eligible exchanges, there were zero non-compliant outbound transfers in that tier. Transfers under 1 million KRW were not covered by the travel rule at the time; thus, the platform had no legal basis to demand that customers provide recipient exchange details, nor did regulators specify clear blocking protocols. Bithumb also noted that after implementing the Chainalysis API, only about 2% of initially unverifiable addresses were later identified as FIU-designated unregistered operators. Enforcing blanket blocks would disrupt the remaining 98% of legitimate transactions, potentially exposing the platform to customer compensation claims. Bithumb further argued that the six-month penalty is excessively severe and practically amounts to banning the platform from acquiring new customers. The company also challenged the FIU's criteria for classifying overseas operators and the grounds for the...
According to Bernama, a man in Perak, Malaysia, reportedly had his crypto wallet compromised, resulting in losses of approximately 12.47 million ringgit (roughly $3.05 million USD). The Perak state police chief stated that the victim discovered on the afternoon of October 9 that his digital assets had been transferred without authorization. Preliminary investigations indicate that the transactions were conducted via blockchain networks. Law enforcement is collaborating with the Cryptocurrency Unit of the Commercial Crime Investigation Department to trace the flow of funds and investigate those involved. The case is currently being investigated under Section 420 of the Malaysian Penal Code concerning fraud, while the specific attack method remains undisclosed.
Odaily News: According to HyperliquidNews monitoring, Unit Labs received 500,000 HYPE three hours ago as a result of unstaking, and subsequently transferred it to a new wallet.
According to Bitcoin.com, Cape Town Mayor Geordin Hill-Lewis launched a nighttime special operation in conjunction with the Metropolitan Police Department, seizing multiple luxury vehicles using forged or unregistered license plates, with drivers all claiming to be cryptocurrency and forex "traders". Among them was a Mercedes-AMG GLE valued at over $153,000 (approximately 2.5 million South African rand), which was fraudulently registered as a white BMW. Authorities pointed out that such "financial influencers" are accustomed to flaunting wealth with luxury cars on social media platforms like TikTok, luring victims into investing in fraudulent platforms. A report released in March had previously identified Cape Town and Johannesburg as hubs for organized crypto fraud, where criminal groups employ technologies such as deepfakes and cloned apps to commit fraud, and illicit funds are laundered through crypto wallets and physical assets. To address increasingly complex financial crimes, the mayor has established an independent Metropolitan Police Detective Unit to enforce the law independently, bypassing the under-resourced national police system.