Arthur Hayes Transfers 785000 LDOs Worth $1.94 Million to Coin An via FTX

03/13/2023 13:17 • Tech Ticker • 99 views

It is reported that according to Twitter user ember monitoring, Arthur Hayes, founder of BitMEX, transferred 785000 LDOs to Coin An, with a value of 1.94 million dollars. Arthur Hayes proposed this part of LDO from FTX in August 2022.

The founder of BitMEX transferred $1.94 million worth of LDO to Qian An

Analysis based on this information:

According to the Twitter account ember monitoring, Arthur Hayes recently transferred 785000 LDOs to Coin An, a cryptocurrency exchange. The value of this transfer is estimated to be around 1.94 million dollars. This transfer was proposed by Hayes from FTX, a cryptocurrency derivatives exchange, back in August 2022.

BitMEX is a well-known cryptocurrency exchange founded by Hayes, who is also a prominent figure in the industry. Despite having left BitMEX in the aftermath of legal troubles in the United States, he still remains active in the industry. In recent months, Hayes has been involved in various cryptocurrency ventures and investments.

The LDO token, which Hayes transferred to Coin An, is the governance token for the Lido protocol. Lido is a decentralized network designed to allow holders of Ethereum to earn interest on their holdings through staking. LDO holders have the ability to vote on proposals related to the Lido protocol, making it a significant asset in the world of decentralized finance.

It is unclear what prompted this transfer from Hayes to Coin An, or what Coin An plans to do with the LDO tokens. However, the fact that the transfer was made through FTX suggests that there may be some sort of relationship between the two exchanges.

This news is significant in that it highlights the ongoing activity of prominent figures like Hayes in the cryptocurrency space. Despite the challenges and controversies that the industry has faced in recent years, there is still a great deal of interest and investment flowing into cryptocurrencies and related technologies.

In summary, Arthur Hayes, the founder of BitMEX, has transferred 785000 LDOs worth $1.94 million to Coin An through FTX. The LDO token is a governance asset for the Lido protocol, which allows Ethereum holders to earn interest through staking. This transfer is significant as it indicates continued interest and activity in the cryptocurrency space by high-profile individuals like Hayes.

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Arthur Hayes Transfers 785000 LDOs Worth $1.94 Million to Coin An via FTX

The founder of BitMEX transferred $1.94 million worth of LDO to Qian An

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