The viral Telegram game Hamster Kombat, which recently banned 2.3 million cheaters ahead of its HMSTR token launch and airdrop on The Open Network (TON). These players were found exploiting the game by using multiple accounts and inviting fake friends. The game has confiscated 6.8 billion tokens from these cheaters, with half being redistributed to legitimate players and the other half burned to reduce the total supply, potentially boosting the token’s value. Despite over 300 million participants, only 131 million players qualified for the September 26 airdrop. Hamster Kombat aims to create a fair community by preventing cheaters from profiting. The game’s upcoming token launch includes a 60% token distribution in this airdrop, with plans for a second season.

Binance Assists Indian Authorities in Tracing $47M Crypto Scam

Binance’s collaboration with Indian law enforcement to track down a $47.6 million crypto scam connected to the Fiewin gaming app. The Fiewin app lured users with promises of easy earnings but froze their accounts after significant funds accumulated. The scam involved laundering money through various cryptocurrency wallets, making it difficult to trace the funds. With help from Binance’s Financial Intelligence Unit (FIU) and its blockchain analysis expertise, India’s Enforcement Directorate (ED) arrested four individuals involved in the fraud. This is not the first collaboration between Binance and Indian authorities, as they previously worked together to dismantle another scam, E-Nugget. These efforts highlight the importance of public-private partnerships in combating crypto-related financial crimes, which are on the rise globally.

Chainlink Forecasts $10 Trillion Tokenized Asset Market by 2030

A report by Chainlink predicts that the tokenized asset market could reach $10 trillion by 2030, driven by growing institutional demand and regulatory advancements. Despite current crypto market volatility, tokenized assets are gaining traction, with Ethereum holding 58% of the market’s $118.57 billion value. Tokenization is seen as a way to bring liquidity to traditionally illiquid assets like real estate and private equity by converting them into digital on-chain tokens. The report cites several factors contributing to market growth, including blockchain adoption, regulatory support (e.g., Singapore’s Project Guardian), and institutional interest, with 97% of institutional investors expecting tokenization to revolutionize asset management. However, challenges such as regulatory compliance and audit standards remain as obstacles to reaching the $10 trillion projection.

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