This Upbit/Mr.100 saga will never end
Looking at the addresses coming into Upbit for the past month, almost all the funds are coming from Bithumb which is also a South Korean Exchange which in turn is being funded from Binance.
Bithumb had an address which was created from consolidations of Bithumb Deposit Addresses worth 5,000 BTC on 13 Aug, 2024, then that address keep splitting into UTXOs of 10 BTC into address (31wXuLH5AKBWoZsK4VJS5wG75nTUAWYnWf) and almost all these funds go into Upbit slowly then consolidated into UTXOs of ~100BTC into Upbit/Mr.100 address.
Upbit was also directly heavily funded from Exchanges like Binance/OKX/Bybit.
Are Upbit/Bithumb recruiting all these fake users to purchase all these funds from different exchanges on behalf of some wealthy Asian business men/governments or is this just one big money laundering scheme? only time will tell
sani / Sani | TimechainIndex.com
npub1ne…0t2vz
2024-09-02 07:41:29
Author Public Key
npub1neuqdjl2v759tk289ay4mx6xl22wsg3fy5uw3cfm07s5mgn3uhpsy0t2vzPublished at
2024-09-02 07:41:29Event JSON
{
"id": "34c1d3195498197bd070f1e789186ec5fbcad0d23301cc0ab7b6d835f7391cee",
"pubkey": "9e7806cbea67a855d9472f495d9b46fa94e822292538e8e13b7fa14da271e5c3",
"created_at": 1725262889,
"kind": 1,
"tags": [],
"content": "This Upbit/Mr.100 saga will never end\n\nLooking at the addresses coming into Upbit for the past month, almost all the funds are coming from Bithumb which is also a South Korean Exchange which in turn is being funded from Binance.\n\nBithumb had an address which was created from consolidations of Bithumb Deposit Addresses worth 5,000 BTC on 13 Aug, 2024, then that address keep splitting into UTXOs of 10 BTC into address (31wXuLH5AKBWoZsK4VJS5wG75nTUAWYnWf) and almost all these funds go into Upbit slowly then consolidated into UTXOs of ~100BTC into Upbit/Mr.100 address.\n\nUpbit was also directly heavily funded from Exchanges like Binance/OKX/Bybit.\n\nAre Upbit/Bithumb recruiting all these fake users to purchase all these funds from different exchanges on behalf of some wealthy Asian business men/governments or is this just one big money laundering scheme? only time will tell",
"sig": "0b6db4152e56aaca74b3dbc4ff9e1a66cb0e5ae21a6f64ecb27f6e0a316db6e7369e1127f8e8d98ee5ada0c733aad547cffa3579af0968a358c103196c5cac69"
}