Monad Testnet Transaction Volume Exceeds 100 Million Transactions in First Week

On February 27th, according to the monitoring of lmk.fun (formerly Scopescan), the hacker who gained access to the wallet of Mask Network founder Suji Yan has transferred the stolen assets to 7 wallet addresses and converted them into a total of 1690.17 ETH.

February 27th: The founder of the stablecoin digital bank Infini, Christian, announced, "Today, I officially registered Infini in Hong Kong. The efficiency of the police office was extremely high, and the experience was very good. I could sense the Hong Kong government's open and inclusive attitude towards digital assets." "At present, the stolen assets have legally become ours and are making good progress. I hope that the day of substantial positive news will arrive soon."

On February 27th, Suji Yan, the founder of Mask Network, posted a message stating, "It is now 6 hours after my 29th birthday. Approximately 3 hours ago, a public wallet on my phone was hacked, and assets worth more than $4 million were stolen. All the stolen transactions seem to be manual operations and lasted for more than 11 minutes. So, either my private key was leaked on my birthday and the hacker manually transferred the funds, or it was an offline attack. At that time, I was at a private gathering with some friends. I placed my phone aside and left for a few minutes to go to the bathroom from time to time. I trust my friends, but this is a nightmare for anyone. I have contacted SlowMist and Zachxbt for assistance in the investigation and am cooperating with relevant institutions and law enforcement. I will not disclose more information until the results from these experts are available. I hope that if this was an offline attack, please confront me directly. Cryptocurrency is n

In the United States on February 27th, the initial jobless claims for the week ending February 22 were 242,000. This was in contrast to the expected figure of 221,000. (FXStreet)

February 27th: As per Cointelegraph, the U.S. Congress is giving thought to proposing legislation to bar the issuance of meme coins such as the official TRUMP token of President Donald Trump. On February 27th, California Congressman Sam Liccardo stated that House Democrats are in the process of introducing the "Modern Elected Member Enrichment and Non-Improper Embezzlement Act" (MEME Act). The draft legislation intends to prohibit a broad spectrum of elected officials and related individuals from issuing, sponsoring, or endorsing any securities, commodities, or digital assets. "Let corruption once again be regarded as a crime," Liccardo said, further adding that American public office should be in the possession of the public, and elected officials should not utilize their power for financial gain. The bill will have an impact on the U.S. President, Vice President, Congress members, senior executive branch officials, as well as their spouses and dependent children.

February 27th. According to official information, the Sui Ecosystem's decentralized perpetual contract protocol, Bluefin, has announced the acquisition of a stake in insiDeX, which is the integrated trading terminal of the Sui Ecosystem. The specific amount has not been disclosed.