gatecoin

According to market news, the suspected ancient whale address 0x660...7Bf35 from 2016 transferred 5000 ETH to Wintermute three hours ago, worth approximately 14.7 million dollars. Tracing the source of the funds reveals that this address is linked to two main sources: 1️⃣ Address 0xDA2...80100 withdrew 10600 ETH from Gatecoin 10 years ago, costing only 99,000 dollars; 2️⃣ Address 0x132...38378 withdrew 18049.96 ETH from Kraken 9 years ago, at a price as low as 86 dollars.

ChainCatcher news, Ethereum's early advisor Steven Nerayoff provided an update on his lawsuit against co-founders Vitalik Buterin, Joseph Lubin, and the Ethereum Foundation. To further deepen the case, Nerayoff teamed up with on-chain detective TruthLabs to uncover on-chain evidence, which allegedly involves fraudulent activities by Buterin, Lubin, and the Ethereum Foundation.TruthLabs discovered evidence of the Ethereum Foundation's involvement in the 2016 Gatecoin hack, which resulted in the loss of 185,000 ETH and 250 BTC. Nerayoff has also reached out to other Ethereum insiders who can provide concrete evidence of the alleged fraudulent activities.In a detailed statement on X, Nerayoff accused Ethereum co-founders of choosing silence regarding these allegations, believing that this strategy amounts to a confession.

ChainCatcher news reports that a report released by the law firm Hogan Lovells shows that the Hong Kong court has defined cryptocurrency as property that "can be held in trust" in the "Gatecoin-related case." Judge Linda Chan, who presided over the case, stated that Hong Kong, like other common law jurisdictions, has a broad definition of "property" with extensive implications.In 2019, the Hong Kong-based cryptocurrency exchange Gatecoin announced its closure and began liquidation. The report states that the exchange held over HKD 140 million in cryptocurrency as of October 2022. (source link)