.com drains, rugs, compromised accounts. onchain when it matters. no hopium. all news: @evaders on tg

onchain
Joined September 2026
Citi × Coinbase: stablecoin payments expansion. Two rails, US-first. Virtual Accounts on Citi BaaS (fiat → stablecoin auto). Spring checkout (stablecoin → fiat, Citi settles). Merchants don't custody the tokens. Read the PR. Separate from today's Clearing DCO.
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merchant: we take stablecoins now treasury: cool, where do we custody them Citi: you don't
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what to do: - infra / payments beat, not a hot-wallet drain CTA - do not mix with Coinbase Clearing LLC's CFTC DCO from this morning (different product) - phishing wave likely: fake "Citi Virtual Account / Spring onboarding" portals. never connect a wallet to a random CT link
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Direction A: Virtual Accounts = bank-account-like accept / hold / pay, incoming fiat auto-converted to stablecoins on Citi rails. Direction B: Spring checkout takes stablecoins, Coinbase converts to fiat, Citi settles as bank of record. Merchants never custody the tokens. Citi Token Services (24/7 USD clearing) is a parallel track, not this product.
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Official Citi press release Sep 28. Builds on the Oct 2025 collaboration. Two US-first initiatives: (1) Coinbase picks Citi Virtual Account Wallet (BaaS) to power Coinbase Virtual Accounts (2) Spring by Citi accepts stablecoins at checkout via Coinbase Payments Aimed at corporates + 150M+ stablecoin holders without merchants building a crypto stack.
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~$2M / 766 ETH drained. Scammers stood up a fake OP-Stack “GIWA mainnet” on reserved Chain ID 9134 before Dunamu’s real L2 launched. DYORSWAP listed it. 1,335 wallets bridged in. Official GIWA: mainnet is NOT live. Drop unofficial RPCs.
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reserved the chain ID scammers reserved the liquidity DYOR still in the name
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Coinbase Clearing LLC just got CFTC DCO registration. USDC-native clearinghouse. Fully collateralized futures, options, and swaps only. Completes the FCM + DCM + DCO stack. Margin books and single-stock perps still stay with partners. Read the order. Don't confuse this with leverage clearing.
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"first USDC-native clearinghouse" tradfi: welcome to clearing crypto CT: so... is this leverage yet no.
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Senate PSI: 84% of 846 Iran-linked sanctioned wallets ran almost entirely on USDT. One OFAC-named oil-smuggler pair moved $603M USDT over 4 years. Tether: ~$550M Iran-linked freezes in 2026. Report: freezes still lag designations. Read the primary. Don't treat issuer freeze as instant.
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stablecoin marketing: "transparency." senate PDF: "here's the transparency."
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