As monitored by Onchain Lens, Metalpha has deposited 18,000 ETH into Spark as collateral, lent 12 million USDS and 8 million DAI, converted it to 20 million USDC, and then deposited it back into Binance.
It was reported this morning that crypto asset manager Metalpha withdrew 18,000 ETH (worth about $48.45 million) from Binance 2 hours ago.
Metalpha lent 20 million USD stablecoin against 18,000 ETH and deposited it back into Binance.
2025-06-10 06:21:47
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