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Movement announces third-party review of previous market maker anomalous behavior The Movement Network Foundation announced that it would conduct a third-party review of the abnormal situation of external market makers. It has commissioned Groom Lake, a professional intelligence agency in the field of digital assets, to conduct the review. After the review is completed, the Foundation will release the review results and measures taken. According to previous news, on March 25, the Movement Network Foundation issued a statement saying that it received a notice from Binance on March 11 that a market maker was suspected of improper operations on multiple tokens, including MOVE tokens. The market maker sold a large number of tokens after the MOVE TGE, violating its agreement to provide two-way liquidity support. The Foundation was unaware of this and immediately cut off its relationship with it after learning about it, notified other trading platforms and assisted Binance in its investigation. The Foundation stated that it has recovered the relevant funds and plans to use the recovered $38 million to repurchase MOVE on the open market and establish the "Movement Strategic Reserve" strategic reserve fund.

Green lake forming after the bart. $LTC

Crypto analyst EGRAGCrypto has released their latest “XRP Bermuda Triangle” chart, presenting a detailed technical analysis that combines Fibonacci arcs and symbolic zones to project XRP’s future price movements. The chart tracks XRP’s progression through seven significant Fibonacci arcs. As of January 2025, XRP has moved past the first four arcs , indicating a change in market momentum. Price is now navigating between arcs five and seven, with each arc potentially acting as a resistance or acceleration area. The month of March is crucial when these arcs converge, suggesting increased volatility. Related: XRP’s Counter-Narrative: Challenging Bitcoin’s Institutional Dominance Towards $200K The Bermuda Triangle structure incorporates symbolic zones that reflect the psychology of XRP traders and overall market sentiment. Related: Crypto Author Challenges CoinMarketCap’s XRP Supply Calculation, Calls for Fairer Accounting After reclaiming the Equilibrium zone near $1.12 and breaking above the long-term Atlas Line, XRP pushed through the Final Wake-Up Line—a downtrend that lasted for several years. Incidentally, this breakout led to a volatile period known as the Red Lake, historically marked by strong price rejections. Having moved out of the Red Lake, XRP is now in what EGRAG calls the Blue Ocean—a wider range with less immediate resistance. Key Fibonacci levels within this zone include $1.97, $2.77, $9.71, and $18.01. These levels are combined with forecasts from Elliott Wave theory, which suggests Wave 3 could reach as high as $13 or $21. Assuming historical patterns and Fibonacci extensions hold, Wave 5 could potentially drive the price toward $27 or even higher. Related: XRP’s Counter-Narrative: Challenging Bitcoin’s Institutional Dominance Towards $200K With a confluence of technical indicators and symbolic zones the Bermuda Triangle chart aims to serve as more than just a visual representation—it’s presented as a strategic roadmap for those looking at XRP’s long-term potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Federal authorities are working to return over $8.2 million in seized cryptocurrency to victims of an investment fraud scheme that targeted individuals across multiple states. The United States Attorney’s Office for the Northern District of Ohio has filed a civil complaint seeking forfeiture of 8,207,578 tether (USDT), which was recovered through an FBI investigation into fraudulent schemes. The U.S. Department of Justice (DOJ) explained in a Feb. 28 announcement that, according to court documents: The FBI has identified 33 victims of an investment fraud scheme across the country … In total, victims lost approximately $4.9 million. “Five more accounts have also been found to be affected and the FBI is attempting to identify the respective owners. The victims associated with the additional accounts have lost approximately $1,071,086,” the DOJ added. Investigators determined that scammers initially gained victims’ trust through deceptive text messages before persuading them to invest in fraudulent cryptocurrency platforms. One of the victims, a woman from Lake County, Ohio, lost her entire life savings of $663,352 after being manipulated by a scammer posing as a friend. She was guided to open a cryptocurrency account on Crypto.com and was convinced to transfer funds to what she believed was a legitimate investment platform. When she attempted to withdraw her money, she was met with fabricated tax demands and threats against her family. After realizing the scam, she reported the fraud to the FBI’s Internet Crime Complaint Center, prompting an investigation by the FBI’s Cleveland Division. Blockchain analysis traced portions of the stolen funds to three cryptocurrency addresses, leading federal authorities to seize the USDT tokens in November 2024. The funds were transferred to a law enforcement-controlled wallet with the assistance of Tether Limited. Through the forfeiture complaint filed on Feb. 27, the U.S. government seeks legal authority to redistribute the seized cryptocurrency to the victims. The DOJ noted: If successful in this forfeiture action, the United States would seek to return the stolen funds to the victims. The complaint asserts that additional funds held in the fraudulent accounts were proceeds of financial crimes and should also be forfeited. While the claims in the complaint must still be proven in court, the Justice Department stressed that the ultimate goal of the action is to return the stolen assets to those who were defrauded. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。