On February 17th, according to Lookonchain monitoring, the LIBRA team is suspected of using 3 internal wallets to snap up its own tokens and make a profit of about 6.65 million US dollars. A few hours before LIBRA went live, the wallet address "0xcEAe... 06e2" bridged 1.60 million US dollars USDC to Solana's 3 wallets through Avalanche, and snapped up 3.77 million LIBRA tokens, and then quickly sold, selling 8.25 million US dollars USDC, netting 6.65 million US dollars.
In addition, the wallet was also found to bridge USDC from Avalanche to Solana to compensate Dave Portnoy, so it is speculated that "0xcEAe... 06e2" may belong to the LIBRA team.
Analysis: The LIBRA team is suspected of buying $1.60 million LIBRA with 3 internal wallets, making a profit of $6.65 million
2025-02-17 08:55:20
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