Suspected Abraxas Capital associates address borrowed and deposited 59 million stablecoins into CEX.
2023-08-11 16:55
Odaily News According to Scopescan monitoring, an address suspected to be related to Abraxas Capital (starting with 0x0f1d) has once again deposited 26,000 stETH and 15,000 ETH (approximately $27.6 million) into Aave in the past 5 hours, borrowing 59 million stablecoins with them. The stablecoins were then transferred to Bitfinex and Binance. Today, a total of 117 million stablecoins has been deposited into CEX from this address.
In previous news, an address suspected to be related to Abraxas Capital (starting with 0x0f1d) had collateralized a significant amount of ETH and BTC on Compound and Aave and borrowed stablecoins in the past day. The address starting with 0x0f1d has already deposited a total of 58 million stablecoins into multiple CEXs, possibly bullish on the current market.
In previous news, an address suspected to be related to Abraxas Capital (starting with 0x0f1d) had collateralized a significant amount of ETH and BTC on Compound and Aave and borrowed stablecoins in the past day. The address starting with 0x0f1d has already deposited a total of 58 million stablecoins into multiple CEXs, possibly bullish on the current market.
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