Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

February 21: YGG has surged more than 21% over the past 24 hours, per HTX market data, and is currently trading at $0.0484.

On February 21, Onchain Lens monitoring revealed a wallet suspected of ties to the Infini hacker swapped 3,003 ETH (≈$5.89M) for 87 WBTC at an average price of $67,700, then transferred the WBTC to a separate wallet.

On-chain analyst Specter reported on February 21 that IoTeX may have suffered a private key leak, with its token treasury fully drained by an attacker—resulting in an estimated $4.3 million loss. Chain data shows the attacker moved multiple contract assets including USDC, USDT, IOTX, PAYG, WBTC, and BUSD. Stolen assets were later swapped for ETH, with roughly 45 ETH already bridged cross-chain to the Bitcoin network. Additionally, 111 million CIOTEX tokens were minted at the address starting with 0xA46.

As of February 21, Coinglass data shows total short liquidation intensity across major centralized exchanges (CEXs) will hit $864 million if Bitcoin surges above $69,000. Conversely, a Bitcoin drop below $67,000 would trigger $419 million in total long liquidation intensity on those platforms. BlockBeats Note: Liquidation charts do not display the exact number of pending liquidation contracts or their precise value. Instead, the bars represent the relative importance of each liquidation cluster compared to adjacent clusters—i.e., "intensity." In short, these charts show how strongly the underlying asset’s price will react when it hits a specific level. A taller "liquidation bar" means the price will face a more intense reaction from a liquidity cascade once it reaches that threshold.

On February 21st, the DFINITY Foundation published an article detailing shifts to the Internet Computer’s economic model. The old framework rewarded node providers **solely for operating a node**, while the new model directs 80% of Cloud Engine revenue to nodes contributing computing power to support the service—and earmarks the remaining 20% for ICP token burns. Separately, the Node Provider Association has begun preparing to promote Cloud Engine services to enterprises across Europe.

February 21st, VanEck released its Mid-February 2026 Bitcoin On-Chain Report. Key findings include: - **BTC Declines, Sentiment Weakens**: Bitcoin has dropped 29% over the past 30 days, pushing the Net Unrealized Profit/Loss (NUPL) indicator closer to the "Fear" zone (it briefly entered "Greed" earlier). Leverage has reset, with open interest falling to levels last seen in September 2024. - **Mid-Term Holders Dominate, Selling Pressure Eases**: Realized selling remains concentrated among the 1-5 year holder cohort, though the distribution pace of holders with 1+ years of tenure has slowed notably over the past month. - **Miner Margins Pressured, Hash Rate Contracts**: The network’s hash rate has declined ~14% in the past 90 days, reflecting a tightening mining economy. Historically, similar scenarios have often signaled stronger subsequent Bitcoin returns.