accusations

Justin Sun previously posted accusations that the WLFI token contract has a "backdoor" and can arbitrarily freeze user assets. The WLFI official responded by denying these claims and stated that they would take legal action.The WLFI official stated that Justin Sun is using the image of a "victim" to smear and make false accusations, and such public accusations are not the first occurrence. WLFI has gathered relevant contracts and evidence and claims it will meet Justin Sun in court.

Bittensor co-founder Const (@const_reborn) responded on Twitter to recent allegations regarding Covenant AI. Const stated that he has no authority to pause emissions, and that the previous sale of a portion of alpha positions in three subnetworks was because these subnetworks were not operational and were in a high ratio of code destruction state. The impact of this transaction on emissions is consistent with the buying and selling behavior of ordinary TAO holders, and he does not enjoy any special privileges.Regarding management authority, Const clarified that it was Samuel himself who abandoned his Discord channel, and he did not remove his administrator role; he only temporarily restricted his ability to delete posts that honestly criticize and then restored it. Additionally, he emphasized that the scale of the token sell-off was less than 1% of his total investment in the team, and stated that exercising the rights to buy and sell tokens under the dTao system is fundamental to supporting the operation of the system.According to previous reports from ChainCatcher, the main subnetwork developer on Bittensor, Covenant AI, announced its withdrawal from Bittensor. Covenant AI founder Sam Dare stated that the reason Bittensor attracts builders, miners, validators, and investors into this ecosystem is because of its promise not to be controlled by any single entity. But this promise is a lie.

Binance co-CEO He Yi responded on social media to comments from OKX CEO and Wintermute founder regarding the crypto flash crash on October 11: "The whales trading on Binance are more aware of what happened when the tide recedes and have more authority on the facts. PS: I found out this morning that it wasn't a sunny day, it must be because of Binance."Previously, OKX CEO Star stated: "The crypto flash crash on October 11 was caused by Binance's irresponsible USDe financial activities." Wintermute founder remarked: "The crypto flash crash on October 11 was clearly not a 'software failure'; it is unreasonable to place all the blame on one exchange."

Hyperliquid officially clarifies a recent article that made false accusations against it, claiming that Hyperliquid has issues with solvency, integrity, and transparency. The responses to the 10 specific allegations are as follows:System under-collateralized by $362 million: False. The author of the article ignored HyperEVM USDC (parallel to the Arbitrum bridge), with the current total USDC amount being $4.351 billion.Manipulating trading volume through TestnetSetYesterdayUserVlm: False. This is only a testnet feature and cannot be called on the mainnet.Certain users have privileges, such as fee waivers or manipulation affecting airdrops: False. All fees, balances, and transactions are visible on-chain, with no distortion mechanisms.CoreWriter "God mode" can mint, transfer funds, etc.: False. This is a way to send HyperCore operations to HyperEVM smart contracts, with no described privileges.Governance can freeze the chain, with no revocation function: Misunderstanding. Freezing is used for network upgrades, similar to hard forks on other chains. During the POPCAT event in November 2025, L1 was not frozen, only the Arbitrum bridge was automatically locked as a security measure.A single private key can instantly set oracle prices: Misunderstanding. The HIP-3 oracle is configured by the deployer and can use MPC, etc. The perpetual contracts operated by validators use a weighted median price, with no delays to ensure security.Eight undisclosed addresses control all transaction submissions: False. Some transactions have been sent directly by validators, and future upgrades will include MEV and anti-censorship mechanisms.The liquidation cartel has an unfair advantage: Misunderstanding. Only HLP can back liquidations, and deposits are permissionless, with most liquidations processed through the order book.Hidden lending protocols involving over $1 million in funds: False. Portfolio margin, lending, and HLP are publicly announced pre-alpha versions, with documentation on file.ModifyNonCirculatingSupply can change token supply: False. The HIP-1 token supply is fixed, and this function is only for display purposes, not affecting execution.

According to The Block, David Sacks, the White House's cryptocurrency and artificial intelligence director, publicly questioned The New York Times' investigation into his conduct during his tenure as the head of White House AI and cryptocurrency affairs, arguing that the paper spent months pursuing unfounded allegations.Sacks issued a statement on social media, claiming that The New York Times assigned five reporters this summer to try to uncover conflicts of interest between his government position and his background in the tech industry. "Through a series of 'fact checks,' they made accusations, which we have thoroughly refuted," Sacks wrote. "Anyone who reads the article carefully can see that they pieced together a collection of anecdotes that do not support the headline. Of course, that was precisely their intent."The controversial New York Times article is titled "Silicon Valley in the White House: Profiting for Oneself and Friends," published on November 30. The article accuses David Sacks of using his dual role as the White House AI and cryptocurrency affairs director and a significant tech investor to promote policies that could benefit himself and his extensive Silicon Valley network in AI and cryptocurrency-related assets.

ChainCatcher news, in response to the disclosure by the blockchain analysis platform Bubblemaps that "5 interconnected wallets of the STBL token have accumulated profits of about 17 million dollars," STBL founder Avtar Sehra stated that these wallets have no connection to the project team. He indicated that on-chain records and independent analysis confirm that these 5 addresses were active long before the launch of STBL and belong to common opportunistic traders. Sehra emphasized that this is not a "team sell-off," but rather market manipulation by external participants. Bubblemaps subsequently clarified that the relevant wallets are not related to the STBL team or insiders, and the project contract and team wallets can be publicly verified on-chain.

ChainCatcher news, Swarms Foundation member Songshu (@imsongshu) responded to the Swarms allegations, stating that when the value of his Swarms token holdings peaked at 30 million dollars, he transferred that portion of the tokens to the foundation and has never sold them. The team attempted to claim a 10% platform fee but was unsuccessful, which led to the attack.Previously, Swarms published a statement accusing Songshu of deceiving investors and attempting to manipulate the Swarms market.

ChainCatcher news, according to official news, First Digital Trust announced that it will go live today at 15:00 to respond to the allegations made by Sun Yuchen.

ChainCatcher news, the official publisher of FDUSD, First Digital Trust (FDT), stated on social media that the recent accusations by Justin Sun against First Digital Trust are completely false. This dispute only involves TUSD and is unrelated to FDUSD. First Digital is fully solvent.The official statement claims that every dollar of FDUSD reserves is fully backed by U.S. Treasury bonds, which are safe, reliable, and fully traceable. The ISIN numbers of all reserve Treasury bonds have been clearly listed in the published verification report. This is merely a typical smear campaign by Justin Sun against a business competitor. Justin Sun initiated a coordinated attack on social media before the TUSD dispute entered judicial proceedings, attempting to undermine the business competitor FDUSD. First Digital will take legal measures to protect its rights and reputation.First Digital Trust will hold an AMA live stream on the X platform at 4 PM Hong Kong time on April 3, 2025 (Thursday) to explain this incident.

ChainCatcher news, according to MELANIA (@qwatio) on social media, the accusations from ZachXBT (that the Hyperliquid 50x leverage whale is actually a cybercriminal) are disappointing and unexpected, calling it "baseless speculation."He hopes that ZachXBT can at least specify the so-called "stolen funds" and mentioned that their wallet has received a large number of transactions from scammers.ZachXBT later responded that he will release detailed information tomorrow night at 9 PM (UTC+8) and emphasized that he does not spread false information.

ChainCatcher news, according to Jinshi Data reports, the news about "a certain employee of the well-known quantitative private equity firm KuanDe Investment accusing the company of using brain-machine weapons to persecute employees on social media" is continuing to ferment in the private equity circle.In response to the above "accusation," KuanDe Investment stated: "The company has noticed inappropriate remarks about it appearing on online platforms. After verification, the publisher of these remarks did indeed have a short-term employment with the company (joined in July 2022 and voluntarily left in early September of the same year, with an employment period of about 1 month). Currently, this publisher has terminated their employment relationship with the company, and their remarks are personal behavior, containing false and misleading information."Previous news reported that an unknown programmer named "Hu LeZhi" burned 600 ETH and donated over 1411 ETH to a charity organization. The information mentioned that with the large-scale military deployment of brain-machine chips, all military power controls citizens through base stations, radio, and nano brain-machine chips, calling for public attention to this new type of crime, warning that if one becomes a victim of this process, they may choose to end their own life.

ChainCatcher message, Binance co-founder He Yi once again responded to the controversy over Binance listing: "Good projects and entrepreneurs will shine on their own, it just takes time. I agree that Binance has listed poor projects, and there is no wealth effect. This is a common issue in the industry right now. It can also be said that Binance's products are not good enough at the moment; we have invested a lot of resources in compliance, and the gap in wallet products is quite obvious. Binance's strong stance on airdrops for BNB users is indeed true; we do take care of BNB. These are all facts.Binance certainly has many problems; a large ship is hard to turn around, and dealing with regulatory pressure consumes energy; the organization becomes rigid as it grows, and talent iteration, etc. Every industry and company has its own burdens to bear. But writing a few names without any evidence, fabricating a story, and trying to fool the entire community to target Binance is wrong."

ChainCatcher news, BTCFi project Solv Protocol co-founder Ryan Chow stated, "After experiencing a whole day of baseless public opinion attacks regarding '1,800 RUG' and 'private agreements' yesterday, today Solv has faced even more absurd accusations. These accusations invariably target the core asset security issues, but their basis is erroneous and contradictory, attempting to mislead the public through confusion. In response, we have decided to address these claims head-on and shatter these false statements with facts."Regarding the accusation from Nubit co-founder Hans about the misappropriation of the underlying BTC of SolvBTC.BBN, Chow pointed out that the mempool transactions cited by the other party are actually routine operations of SolvBTC.CORE. According to the project mechanism, SolvBTC.CORE needs to re-stake BTC to a new script address every half month, with the last staking occurring on December 19, and the extraction and re-staking taking place on January 2, which is also the reason for updating the address to DeFiLlama.Additionally, in response to the doubts about the decline in TVL of SolvBTC.BBN during Babylon Cap3, Chow stated that this is due to the project initiating a normal redemption mechanism, which precisely reflects the product's liquidity and flexibility. At the same time, he also refuted market speculation regarding the "BTC three flowers," which suggests that the same BTC is counted three times in the TVL.Chow emphasized that as a project that has been deeply engaged for four years, Solv is facing such a meticulously planned attack during the sensitive period leading up to the TGE (Token Generation Event), and has provided ample on-chain evidence and technical documentation to support its position, inviting the market and users to make their own judgments.

ChainCatcher news, according to CoinDesk, U.S. federal prosecutors have rebutted the charges against FTX executive Ryan Salame, stating that they did not violate the terms of the plea agreement made with the former FTX executive—namely, that they would cease the criminal investigation against Salame's long-time partner and mother of his child, Michelle Bond. Prosecutors indicated that they never made any such commitments to Ryan Salame, either formally or informally, and that their prosecution of Michelle Bond is fair.In a harsh 32-page memorandum submitted on Thursday, prosecutors urged U.S. District Judge Lewis Kaplan of the Southern District of New York to dismiss Salame's recent request to enforce the conditions of his plea agreement or to vacate his plea and sentence, calling it a "shameless and selfish attempt to undermine his plea and conviction... and to obstruct the legitimate prosecution of Michelle Bond."It is reported that the related hearing is scheduled for September 12, 2024.

ChainCatcher news, Binance CEO Richard Teng stated in the official Binance blog that former U.S. federal agent Tigran Gambaryan's physical and mental health has rapidly deteriorated after being detained in Nigeria for six months. Currently, Tigran is suffering from severe pain due to a herniated disc and is unable to walk, but the Nigerian government refuses to provide him with adequate medical services, including basic needs such as a wheelchair. The Nigerian government should not continue to detain Tigran based on unfounded accusations, and there is no need to imprison innocent employees to hold them accountable for any allegations against Binance.Richard also stated, "Tigran, as a U.S. citizen, should not be subjected to such unjust treatment. I sincerely hope that the U.S. government and relevant political institutions can exert their influence to bring Tigran home as soon as possible so that he can receive proper treatment and reunite with his family." He added, "Once these issues are resolved, we hope to collaborate with the Nigerian government to support the development of the Web3 industry, create more opportunities for its young and talented workforce, and attract more international investment opportunities."

ChainCatcher news, according to The Block, U.S. Senators Ron Wyden and Cynthia Lummis wrote a letter to U.S. Attorney General Merrick Garland, expressing "serious concerns" about the Justice Department's expanded definition of money transmission set forth by the Financial Crimes Enforcement Network.Previously, the Justice Department accused Samourai Wallet and Tornado Cash, two cryptocurrency mixers, of operating unlicensed money transmission businesses.

ChainCatcher news, according to Coin Edition, KuCoin CEO Johnny Lyu stated that the recent accusations from the U.S. government are not unique to KuCoin, but rather typical growth and regulatory issues faced by emerging industries. It is not far-fetched to see regulatory gaps in the early stages of industries like cryptocurrency, and as the industry matures, the cryptocurrency sector will move towards compliance and standardization.Lyu revealed that last Friday, KuCoin became the first global exchange registered with India's financial intelligence agency. "This reflects our respect for local regulations and our proactive compliance with the rules."Previously, information disclosed on the U.S. Department of Justice website indicated that KuCoin and its two founders CHUN GAN (also known as "Michael") and KE TANG (also known as "Eric") were accused of violating the Bank Secrecy Act and unauthorized money transmission. It is reported that the U.S. Attorney's Office for the Southern District and the Department of Homeland Security Investigations announced the unsealing of the indictment, accusing KuCoin of violating the Bank Secrecy Act and willfully violating anti-money laundering laws. The individuals involved are still at large.KuCoin posted on the X platform stating that KuCoin is currently operating well, user assets are secure, and they are aware of the related reports, and are currently investigating the details through their lawyers. KuCoin respects the laws and regulations of various countries and strictly adheres to compliance standards.

ChainCatcher news, according to CoinDesk, the SAVM token of SatoshiVM has attracted attention due to internal trading disputes just hours after its issuance. The market capitalization of the SAVM token once reached 90 million dollars after its release, but it soon sparked controversy.According to on-chain analysis tool @bubblemaps, 15% of the token supply was sent to a few wallets, which are reportedly owned by market influencers who sold the tokens immediately after receiving them.SatoshiVM claims that its protocol is a Bitcoin second-layer protocol that utilizes zero-knowledge convolution technology. Despite the controversy surrounding the SAVM token after its issuance, its price has fluctuated between 7 and 14 dollars since January 19 and remains of interest among retail traders. The SatoshiVM team has denied all allegations and plans to hold a community Q&A session on Thursday to directly address inquiries.