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TechFlow, April 3 — According to on-chain analyst Lookonchain (@lookonchain), since FDUSD depegged, Wintermute has transferred 75 million FDUSD to First Digital Labs. They likely purchased FDUSD at a discount during the depeg and then redeemed it through First Digital at a 1:1 ratio, thereby making a profit.
According to on-chain analyst Lookonchain (@lookonchain), since FDUSD's depeg, Wintermute has transferred 75 million FDUSD to First Digital Labs. They likely purchased FDUSD at a discount during the depeg and then redeemed it at a 1:1 ratio through First Digital to realize profits.
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