In a recent development, unauthorized withdrawals were detected targeting DWF Labs addresses.
Total 121 million from Binance to DWF Labs addresses PEPE ($100), 49 API3 ($52), 65.47 SUSHI ($39) and 583 JasmyCoin (JASMY) ($2) withdrawn.
DWF Labs founder Andrei Grachev confirmed that these transactions were fake and not initiated by the company.
The transactions in question were made after DWF Labs became famous with its recent altcoin purchases, which DWF Labs invested in by pretending to have purchased them. cryptocurrencies It is thought to be carried out by those trying to increase its value.
However, tokens were recently transferred from FLOKI multisig wallets to DWF Labs wallet addresses, and the company immediately transferred these tokens to Binance. As a result of this transfer, FLOKI price increased.
DWF Labs, the name of which we have heard frequently lately, is defined as a market making company. However, recently at the Token2049 event in Singapore, other market making companies accused DWF Labs of market manipulation.
*This is not investment advice.
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