BitMEX co-founder: a "big player" has fallen and sold off all of its cryptocurrency assets.

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On August 5, BitMEX co-founder Arthur Hayes posted on social media that he learned through news channels in the traditional financial field that a "big guy" had collapsed and sold all his crypto assets.

At present, most of the community speculates that it refers to Jump Crypto. According to the analysis released by EmberCN yesterday, Jump Trading may be selling ETH and is currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to trading platforms such as Binance/OKX. As of yesterday, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (about $191 million) have entered the trading platform.

According to Scopescan monitoring, Jump's positions are currently dominated by USDC and USDT.

As BlockBeats previously reported, Fortune reported on June 20 that the U.S. Commodity Futures Trading Commission (CFTC) was investigating Jump Crypto.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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