Part of the stablecoin outflow from the US government address was exchanged for 2,135 ETHs
According to on-chain data, the U.S. government address (where the Bitfinex hackers seized the funds) transferred the funds to the address ‘0x34...0a9f’ after withdrawing $6.57 million worth of stablecoin from Aave about half an hour ago. .0a9f‘, which subsequently converted approximately 5.45 million USDC into 2135.27 ETH. It is not possible to confirm this address’ motives.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The hardcore bearish whale's 20x leveraged BTC short position is now floating a profit of over $18 million.
Machi reduces 25x ETH long position, current liquidation price is $3,042.74