Lido Founder Uses $85M Borrowing to Shift 15,800+ ETH on Exchange
Main Idea
Konstantin Lomashuk, founder of Lido, borrowed 85 million USDT from Aave and transferred 80 million USDT to Amber Group, which then moved funds to a crypto exchange, followed by a withdrawal of 15,814 ETH.
Key Points
1. Konstantin Lomashuk borrowed 85 million USDT from Aave.
2. Lomashuk transferred 80 million USDT to Amber Group.
3. Amber Group deposited the funds onto a crypto exchange.
4. 15,814 ETH (worth ~$59.75 million) was withdrawn from the exchange.
Description
The post Lido Founder Uses $85M Borrowing to Shift 15,800+ ETH on Exchange appeared first on Coinpedia Fintech News Blockchain analytics firm Lookonchain reports that Konstantin Lomashuk, founder of Lido, borrowed 85 million USDT from Aave, a decentralized lending protocol. Lomashuk transferred 80 million USDT to Amber Group, which then deposited the funds onto a crypto exchange. Subsequently, 15,814 ETH, worth approximately $59.75 million, was withdrawn. This series of transactions underscores ...
Latest News
- What Are JCOIN & JOYCOIN? Jd.com Moves Ahead of Hong Kong’s New Stablecoin Rules2025-07-29 15:34:52
- Corporate Ethereum Treasuries Could Hit 10% of Supply, Says Standard Chartered2025-07-29 14:23:01
- Why Is CFX Coin Soaring Today?2025-07-29 13:50:08
- Solana (SOL) Set to Hit $400 in 25 Days, While Viral Crypto Below $1 Could Flip $420 into $24,000 Before Cycle Top2025-07-29 13:49:25
- Hong Kong Finalizes Stablecoin Rules Effective Aug. 1, Warns Against Hype as Licensing Delayed to 20262025-07-29 13:14:18