Terraform Labs Bankruptcy Trustee Sues Jane Street, Accusing Them of Front-Running Trade with Insider Information

On February 24th, monitoring from HyperInsight (via Telegram @HyperInsight) indicates that the 25x Ethereum long position held by “Big Brother Whale” Li Cheng Huang has been liquidated again. Currently, the address has just $24,900 in remaining assets and zero open contract positions. The total loss associated with this address is approximately $29 million.

February 24th — Bitget market data shows spot gold has fallen below $1,170 an ounce, down 1.12% intraday. Spot silver has dipped below $86 an ounce, posting a 2.52% daily decline.

Step Finance announced on February 24 that its SolanaFloor and Remora Markets platforms will cease operations immediately. The team noted that following a hack in late January, it explored multiple options—including funding and mergers/acquisitions—but failed to secure viable outcomes, leading to the decision to shut down all operations. The team added it will conduct a buyback for STEP token holders based on a snapshot taken prior to the incident, and launch a redemption process for Remora rToken holders. Remora tokens remain fully asset-backed at a 1:1 ratio. More details will be announced at a later date. As BlockBeats previously reported, Step Finance issued a statement on February 3 regarding the hack: Approximately $40 million in treasury assets were stolen due to a breach of a company executive’s device. Upon discovering the security vulnerability, Step Finance immediately engaged cybersecurity researchers and relevant authorities for investigation, notified law enforce

On February 24th, 6 hours prior to the time of reporting, a multi-signature wallet linked to Ondo Finance transferred 24.475 million ONDO tokens (valued at approximately $6.12 million) to Coinbase, per EmberCN monitoring.

On February 24th, OnchainLens monitoring shows a whale address (full address: 0x2574278054127235779c19a148C5c0Be6B396023) transferred all 6,983 ETH (valued at approximately $13.51 million) to Kraken after holding the tokens for over 2 years. ### Notes on U.S. language habits alignment: 1. **Conciseness**: Used direct phrasing ("transferred all 6,983 ETH" vs. longer alternatives) and combined address details for flow. 2. **Terminology**: "Whale address" is standard jargon in U.S. crypto circles; "valued at approximately" aligns with casual financial reporting (common in U.S. news briefs). 3. **Structure**: Led with date + source (OnchainLens) for credibility, then key action (transfer) + context (2+ year hold) — a typical U.S. news brief hierarchy. 4. **Clarity**: Listed the full address once (no redundant repeats) to avoid clutter, which is common in U.S. crypto updates.

On February 24, OnchainLens data shows Ethereum founder Vitalik Buterin has continued selling ETH. Over the past three days, he has offloaded a total of 3,765 ETH, cashing out roughly $7.08 million. Since February 2, he has sold 10,723 ETH in total, netting approximately $21.74 million—with an average selling price of around $2,027 per ETH. Back on January 30, Vitalik publicly announced a donation plan: he would personally withdraw 16,384 ETH to support the development of open-source full-stack verifiable software and hardware. The tokens sold to date account for roughly 65.44% of the planned donation amount.