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Crypto exchange ChilizX warned users about a ‘withdrawal issue’ related to the Chiliz Legacy Chain network. ChilizX, a dedicated platform for fan token trading, disclosed in an X post on Jan 22 a “withdrawal issue” related to the Chiliz Legacy Chain network, providing limited details on the nature of the issue. In the post, the ChilizX team recommended users opt for fan token withdrawals using an alternative network known as Chiliz Chain (CC2). Dear ChilizX Community, We are experiencing a Chiliz Legacy Chain withdrawal issue on ChilizX. We kindly ask you to use ‘Chiliz Chain (CC2)’ for Fan Token withdrawals. Make sure you select the correct network for withdrawals. Never withdraw Fan Tokens using Chiliz Chain to a… pic.twitter.com/tgpOAYjmNN — ChilizX – Powered by $CHZ ️ (@ChilizX) January 22, 2024 You might also like: Chiliz builds L1 blockchain to grow fan token ecosystem In the announcement, ChilizX urged users not to withdraw fan t...

Gary Wang told prosecutors that Alameda Research withdrew more value from FTX than the exchange made from fees, owing $20 billion once, while Judge Kaplan reprimanded defense attorneys for repetitive questioning on SBF’s trial day 4. Former FTX CTO Gary Wang named founder Sam Bankman-Fried as a co-conspirator of fraud on day 3 of SBF’s trial. Paradigm’s Matt Huang said his VC marked down $278 million invested in Sam’s crypto exchange and Adam Yedidia detailed a “code error” that fostered Alameda’s unusual overcast on customer assets. Amid caches of overruled defense objections and the prosecution’s search for smoking guns, curtains closed on the third day of Sam Bankman-Fried’s trial for fraud. The former FTX CTO testified to acts of wire fraud, securities fraud, and commodities fraud. Wang, who worked for both FTX and Alameda, said Caroline Ellison, Nishad Singh, and Sam Bankman-Fried were in on it too. SBF has denied criminal wrongdoing, but the other three pled guilt...

ETH price rallied as deposits briefly surged after the Shapella, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short-term. Ethereum’s long-anticipated Shanghai and Capella upgrade was activated on April 12 and the total withdrawal s in the first 40 hours after the Shapella upgrade stood at 142,425 ETH, per Nansen data. This falls in line with previous estimates.  For a brief moment on April 12, when Shapella was activated, the deposits to ETH staking contracts outpaced withdrawals. However, deposits have slowed down come April 13 while the withdrawals are going strong. ETH moved for withdrawals The validators are required to update their staking software clients with withdrawal credentials changed to 0x01 from 0x00 and point to a valid Ethereum address. Once validators do that, the partial withdrawals, i.e. the withdrawals of rewards above 32 ETH, will be processed automatically. Over 70.1% of validators have changed to 0x01, with 407,851.20 worth over $850...