- **Large
#Crypto Transfers:** An address associated with Justin Sun has moved significant amounts of cryptocurrency. Notably, the address transferred 70,290 wstETH (valued at about $147.4 million), 45 million USDD, and 5,008.9 ETH (equivalent to around $9 million).
- **Intermediary
#Address Involvement:** The aforementioned funds were sent to an intermediary address labeled as 0xBCb7 on the Ethereum network. This address played a pivotal role in the transaction process.
- **Complex
#Transaction Flow:** The intermediary address 0xBCb7 executed a series of actions. It initially deposited 67,000 wstETH and borrowed 59.8 million DAI from MakerDAO. Subsequently, it stored the borrowed DAI back into MakerDAO, creating a multi-step transaction cycle.
- **Use of
#wstETH and DAI:** The transactions involve wstETH, a wrapped form of staked Ethereum, and DAI, a stablecoin. These actions suggest intricate financial operations, possibly related to decentralized finance (
#DeFi ) or other sophisticated financial strategies.
$ETH $MKR $BNB