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TechFlow reports, according to on-chain analyst @ai_9684xtpa, Abraxas Capital Mgmt has just withdrawn 32,000 ETH (worth $111 million) from Spark Protocol and subsequently deposited all of it into Bitfinex. This morning, the firm also deposited 15,000 ETH into Spark as collateral, borrowed 25 million USDC, and transferred the funds to Binance.
According to on-chain analyst @ai_9684xtpa, Abraxas Capital Mgmt has just withdrawn 32,000 ETH (worth $111 million) from Spark Protocol and subsequently deposited all of it into Bitfinex. This morning, the firm also deposited 15,000 ETH into Spark as collateral, borrowed 25 million USDC, and transferred the funds to Binance.
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