Home > Quick > Body

Joseph Lubin-Linked Wallet Moves 110,000 ETH Into Sky Collateral to Back $259.05 Million DAI Debt

clock
2026-06-06 17:30:41
A wallet linked to Ethereum co-founder Joseph Lubin moved 110,000 ETH into Sky collateral to support a $259.05 million DAI debt position. According to NS3.AI, the transfer was valued at approximately $170.78 million.

Onchain data indicates that three Maker vaults hold 412,430 WETH as collateral. Neither Lubin nor Consensys has publicly commented on the wallet activity.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.