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via The Block · By The Block Editorial

Wallet linked to Ethereum co-founder Joseph Lubin moves 110,000 ETH to defend $259M DAI debt position

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The Block Editorial

(05:21 PM UTC)

1 min read

Approved byMichael Roberts

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A wallet linked to Ethereum co-founder Joseph Lubin transferred 110,000 ETH, worth approximately $170.78 million, across three large transactions to three different wallets early on Saturday ET, with the funds deposited as additional Sky (formerly MakerDAO) collateral as ETH slid below $1,600, according to onchain analytics platform Onchain Lens. The three transactions followed a 1 ETH transfer…

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