A 50M FDUSD (stable coin) transfer was made from the wallet belonging to First Digital Labs to one of the wallets thought to belong to Cumberland DRW at 16:42. Then, it started to be transferred to the Binance exchange as 5M.
Cumberland DRW is a company that makes large amounts of purchases and sales in the cryptocurrency markets. Basically, it works as a market maker, that is, it provides liquidity in the market by offering continuous purchase and sale prices in cryptocurrencies.
Via: CryptoPNZ
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