$USDC Breaking:”Wallets related to Galaxy Digital borrowed a large amount of USDC”
15 hours ago, Galaxy Digital borrowed a total of 30M USDC.
The total amount of $USDC they borrowed came from both platforms, Aave & Compound, and the borrowed USDC amount they transferred all to the main wallet.
After the main wallet received 30M $USDC , it continued to transfer 10M USDC to Galaxy wallet: OTC to take Cash Out through Circle Hot Wallet.
With similar moves in the past when Galaxy Digital borrowed a large amount of $USDC , the possibility of a short-term market correction will be quite high.
