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TechFlow reports, according to on-chain analyst Lookonchain, the whale address that previously borrowed 50 million USDC from Aave for arbitrage following the USDT depeg has withdrawn 15,000 ETH (worth approximately $25.88 million) from Aave three hours ago and transferred them to Binance, Kraken, and Coinbase. Subsequently, the address withdrew around $5 million in stablecoins from Kraken to repay its loan on Aave.
The whale address that previously borrowed 50 million USDC from Aave for arbitrage after the USDT depeg, withdrew 15,000 ETH (worth approximately $25.88 million) three hours ago and transferred them to Binance, Kraken, and Coinbase. It then withdrew about $5 million in stablecoins from the Kraken exchange to repay its loan on Aave.
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