A suspicious blockchain address, 0x29…74F5, minted 10 million YU tokens from a Null address between 4:10 and 4:13 UTC+8 today. The address then redeemed 5.213 million YU for an equivalent amount of USDC via Yala PSM. Subsequently, the address used the 5.213 million USDC to purchase ETH, distributing 10.1 ETH to multiple addresses.
Suspicious Address Mints 10 Million YU, Converts to USDC and Buys ETH
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.