ETH falls below the $4300 mark

BlockBeats News, August 22, according to on-chain data, 'Machi Big Brother' Jeff Huang currently holds long positions in BTC, ETH, HYPE, PUMP, and YZY with a total value exceeding $140 million. The unrealized loss has narrowed to $8.4 million, after previously exceeding $10 million. Among them, the ETH long position exceeds $100 million, with an entry price of $4,553.74, a liquidation price of $3,132.56, and an unrealized loss of $6.61 million.

[User Falls Victim to Social Engineering Attack, Loses 783 BTC] On-chain analyst ZachXBT revealed that on August 19, 2025, a user lost 783 Bitcoin (approximately $91.4 million) due to a social engineering attack. The attacker impersonated customer support from a trading platform and hardware wallet to carry out the scam. After stealing the funds, multiple transfers were conducted through Wasabi.

Binance SOL/USDT is currently trading at $179.95, with a 5-minute drop of 0.30%. Please pay attention to market fluctuations.

[South Korean Prosecutors Seek 3-Year Prison Sentence for Actress Hwang Jung-eum Accused of Embezzling 4.2 Billion Won in Public Funds to Invest in Cryptocurrency] BlockBeats News, August 22, according to Yonhap News Agency, South Korean prosecutors are seeking a 3-year prison sentence for actress Hwang Jung-eum, who has been indicted for allegedly embezzling 4.3 billion won (approximately $3.07 million) in company funds to invest in virtual currency. On the 21st, during the final trial held at the Jeju District Court's Criminal Division 2 (Presiding Judge Lim Jae-nam), the Jeju District Prosecutors' Office requested the court to sentence actress Hwang Jung-eum to 3 years in prison for violating the Act on the Aggravated Punishment of Specific Economic Crimes (embezzlement). Earlier reports stated that on June 17, South Korean actress Hwang Jung-eum (phonetic translation) was indicted for allegedly embezzling approximately 4.2 billion won (about $3.07 million) in company funds to invest in virtual currency. Her agency, Y1 Entertainment, announced on June 17 that Hwang Jung-eum had fully repaid the owed amount in two installments on May 30 and June 5. Previously, around 2022, Hwang Jung-eum withdrew a total of 4.34 billion won from Hunminjeongeum Entertainment, most of which was used for cryptocurrency investments. The case involves violations of the embezzlement-related provisions under the Act on the Aggravated Punishment of Specific Economic Crimes and is currently undergoing judicial proceedings.

On-chain data flagged institutional-sized flows, with nearly 155 million in XRP turnover during recovery periods, far above the 63 million daily average.