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TechFlow reports, according to Etherscan monitoring, that an Arkham-identified whale address linked to Abraxas Capital has withdrawn a total of 60,000 ETH ($203.06M) from Bitfinex over the past 15 hours. These ETH were then deposited into Spark as collateral to borrow 101 million DAI, which were subsequently swapped on-chain for 101 million USDC and transferred to Binance.
According to YuJin monitoring, an Arkham-noted whale address linked to Abraxas Capital has withdrawn a total of 60,000 ETH ($203.06M) from Bitfinex over the past 15 hours. These ETH were then deposited into Spark as collateral to mint 101 million DAI, which were swapped on-chain for 101 million USDC and transferred to Binance.
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