Abraxas Capital withdraws 60,000 ETH from Bitfinex and lends 100 million DAI to Binance

BlockBeats reported that on July 1, according to Ember’s monitoring, the whale address marked as Abraxas Capital by Arkham has withdrawn a total of 60,000 ETH from Bitfinex in the past 15 hours, worth about $203 million.

Then these ETH were deposited into Spark as collateral to mint and borrow 101 million DAI, which was converted into 101 million USDC on the chain and then transferred to Binance. Leveraged investment may be carried out.