thenewscrypto.com
- Manta Network faces money laundering allegations amid global exchanges listing.
- Korean BD’s token dump prompts a $5.16M ETH conversion and transfer.
In a shocking turn of events, Manta Network, a zero-knowledge Layer 2 blockchain, has found itself embroiled in controversy as allegations of money laundering surface following its listing on major exchanges such as Binance, Bithumb, and KuCoin. The storm began when approximately 2 million MANTA tokens were reportedly transferred to the personal wallet of MANTA’s Korean Business Development (BD) representative on the day of its Binance listing.
The suspicious activity continued as these tokens swiftly made their way to a Bithumb wallet, constituting over 75% of the exchange’s total circulation volume. Within a mere 5 minutes of listing, the price of MANTA on Bithumb soared to an astonishing $230, marking a staggering 100x increase from its initial price of $2.26, as reported by Definalist, a DeFi degen in South Korea
. @MantaNetwork was suspected of money laundering through Bithumb on the day of listing
— Definalist (@definalist) January 18, 2024
– 2M $MANTA transferred to personal wallet of MANTA’s Korean BD
– 2M $MANTA was deposited into Bithumb deposit wallet, accounting for more than 75% of Bithumb’s total circulation volume.
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