Wallets suspected to be linked to Bitkub co-founder sell $42.3 million in ZEC and buy 536.7 BTC

Odaily reports: A group of wallets suspected to be associated with Sakolkorn Sakavee, co-founder of Thai cryptocurrency exchange Bitkub, have cumulatively unshielded 65,820 ZEC from privacy addresses over a period of time, worth approximately $51.6 million, accounting for about 0.4% of ZEC's circulating supply and 1.37% of ZEC in shielded state. Of this, 53,900 ZEC worth approximately $42.3 million have been sold on Hyperliquid, with 536.7 BTC purchased; approximately 10,000 ZEC remain on Hyperliquid, and sell orders for approximately 8,370 ZEC worth $6.6 million are still pending execution.