Hedge Fund
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Coindesk·2023/07/14 17:11
Flash
- 03:53BTC Falls Below $93,000Market data shows that BTC has fallen below $93,000 and is currently reported at $92,970.84, with a 24-hour gain narrowing to 0.03%. The market is highly volatile, so please manage your risks accordingly.
- 03:53A whale transferred 1,485 BTC to CEX 30 minutes agoAccording to on-chain analyst Yujin, a whale/institution transferred 1,485 BTC ($138.83 million) to CEX 30 minutes ago, making a profit of $50.13 million on BTC over 11 months. Over the past 11 months, they withdrew 5,700 BTC from CEX to an address at an average price of $80,449. They started gradually transferring BTC to CEX for sale 2 months ago, and today's 1,485 BTC is the last batch. Overall, the average price of transferring to CEX was $89,244. This means they made a profit of $50.13 million on these 5,700 BTC.
- 03:26Crypto Advocate Scott Melker: Fraudsters Use Fake Crypto Influencer Identity to Steal at Least $4 MillionThe cryptocurrency trader and investor known as "The Wolf of All Streets," Scott Melker, stated that he has learned someone is impersonating him to commit fraud, with at least one victim losing $4 million. On April 23, this crypto investor expressed his deep anger, saying, "I am extremely upset." He revealed that a private investigator contacted him, informing him that one of their clients was scammed out of $4 million by a Nigerian fraud group using his name and face as bait. "They have clearly swindled many people," Melker said, adding, "They even sent him a fake driver's license to prove it was me." They also used his avatar from the X platform as a photo. The fraudsters generated this fake ID using artificial intelligence and used a very convincing fake email account. "They also conducted video calls via Zoom, using AI to disguise identities," Melker added, "These tactics are evidently quite sophisticated." He also mentioned that the fraudsters even forged accounts of his wife and children to further confirm the identity.