
.com drains, rugs, compromised accounts. onchain when it matters. no hopium. all news: @evaders on tg
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Joined September 2026
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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.
sources:
Citi PR: citigroup.com/global/news/pr…
The Block: theblock.co/news/business/20…
Decrypt: decrypt.co/379497/citi-stabl…
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
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.
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.
~$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.
sources:
CryptoBriefing: cryptobriefing.com/scammers-…
CoinTelegraph: cointelegraph.com/news/fake-…
Protos: protos.com/dyorswap-users-tr…
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.
sources:
CryptoBriefing: cryptobriefing.com/coinbase-…
The Block: theblock.co/news/business/20…
CoinTurk (GC quote): en.coin-turk.com/coinbase-ap…
sources:
PSI PDF: hsgac.senate.gov/wp-content/…
Tether: tether.io/news/tether-has-su…
The Block: theblock.co/news/regulation/…



