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OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking


In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook.  According to a September 26 press release, the US government agency disclosed that many of these individuals were affiliated with an international...

Tron Founder Justin Sun Says HTX Exchange Hacked, Loses 5,000 ETH


According to several posts on the social media platform X written by Tron founder Justin Sun, the crypto exchange HTX (formally Huobi) was hacked for 5,000 ether. Despite the loss, Sun contends that user funds on the exchange are safe and the “platform is operating completely...

Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary


Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2)...

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