A new address withdrew 10,057 ETH from Binance and engaged in leveraged long stETH via loop borrowing

Odaily News According to Lookonchain monitoring, a newly created address (0x81d0) withdrew 10,057 ETH, valued at $33.68 million, from Binance. Subsequently, it staked the ETH on Lido to obtain stETH. The address then deposited the stETH into Aave, borrowed 45 million USDT to purchase 13,461 stETH, and deposited this batch of stETH into Aave again.