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edgeX is not conducting buybacks Deposit Record (edge chain) Amount TXID 6,000,000 0x60ca9112a90f24f16af3b3b59f4b1796cc5811d93f18ae280da37ee76fa4696a 9,000,000 0x654947ba33e4e07dcb1bd10364f0659a307c81040768ab72869ed309d1d5d123 9,000,000 0xe7a20d2cf960875790c2b1b894f5dc59770d42e6afd314b9146c48f790f8d0d6 1,000,000 0x348dc77410d39ba60c28fd407659a141db3909034b742d6480bb7d1b937c81b9 5,000,000 0x5b2ef47be9a90a09c41218e304e1c34a41ddd0bdfeff9aebc79d4d3628a928eb 7,000,000 0x72a392ca2229d19852af2af3bfbc3aafcba438ec7ef791f4278efac04f5d7738 10,000,000 0xc8dbbd0ba2df6ad3d26b45f9a78056a15739ae468df43203e4915c8e20df5800 2,999,990 0xd5979c409d8ba4bcf04efd71d2feb8065c407a1ffd1ed0a02c8c5867770b160e Total 49,999,990 $50M deposits from Amber Group's Safe Wallet and EOA Completed debank.com/profile/0xab57b993e... (Safe) debank.com/profile/0xe11970f2f... (EOA) However, if you look at the edge chain, there is no trade record pro.edgex.exchange/en-US/explo... pro.edgex.exchange/en-US/explo... For reference, if I look at my wallet address, it shows up as SPOT_TRADE if a trade had occurred. There is SPOT_IN only in the 47be wallet, which occurs when an airdrop or transfer takes place within the edge chain. Conclusion: These guys are not doing a buyback. At the very least, even if they were, they wouldn't do it in the wallet where they supposedly withdrew $50M from the Treasury. Even if a transfer occurred within the edge chain, there should be a record there, but that is missing as well.

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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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