Summary
- It was reported that a Matrixport-linked wallet was observed selling Ethereum (ETH) and converting it to Bitcoin (BTC).
- This wallet recently deposited a total of 95,873 ETH (about $452 million) to Binance and OKX.
- The same wallet was found to have withdrawn 2,354.6 BTC (about $272 million) from the two exchanges.
Matrixport or its clients have been observed selling Ethereum (ETH) and converting it to Bitcoin (BTC).
According to Lookonchain on the 24th (local time), Matrixport-linked wallets recently deposited a total of 95,873 ETH (approximately $452 million) to Binance and OKX.
It was then confirmed that the same wallets withdrew 2,354.6 BTC (about $272 million) from the two exchanges yesterday.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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