Recent rumours have surfaced regarding the Manta Network, suggesting potential money laundering activities that coincided with the platform's listing on Bithumb. According to unverified reports, an individual linked to Manta Network's Korean business development transferred a significant volume of the network's tokens to a personal wallet. This individual is accused of depositing 2 million MANTA tokens into Bithumb, representing over three-quarters of the exchange's total MANTA circulation volume at the time.
These allegations further detail that within five minutes of the token being listed on the exchange, the price of MANTA on Bithumb skyrocketed to an unprecedented $230. It is claimed that this business development representative then proceeded to sell all 2 million MANTA tokens at a price range between 50 to 100 times their initial value. The funds obtained from this sale were reportedly converted to Ethereum and subsequently transferred to the same individual's personal wallet, amounting to 2,094.7 ETH, valued at approximately $5,162,112.
The source of these allegations appears to be a post from a Twitter account, which could not be independently verified due to JavaScript restrictions on the browser used. The authenticity of these claims remains uncertain, as they stem from an external social media source.
In other industry news, Huawei Cloud has officially commercialized its Web3 Node Engine Service (NES). This marks a significant development in Huawei's cloud services portfolio, positioning the company as a key player in the burgeoning Web3 space. The announcement was made via Huawei Cloud's official Twitter account, though further details about the service offerings and capabilities remain limited due to similar JavaScript restrictions.
This juxtaposition of alleged illicit activities and technological advancements within the cryptocurrency and Web3 sectors highlights the dynamic and often controversial nature of these emerging industries. As with any such reports, readers are encouraged to seek out additional information and context to fully understand these complex situations.