Wallet Moves 3,000 ETH to Bybit and Binance, Including 1,500 ETH Linked to Arthur Hayes

According to on-chain analyst Ai Yi, an address linked to Arthur Hayes sent 3,000 ETH to Binance and Bybit, while the wallet retained 5,278 ETH after the transfers.

ETH

Summary

An address linked to Arthur Hayes deposited 3,000 ETH worth $6.93 million to Binance and Bybit, according to on-chain analyst Ai Yi. Ai Yi said the Bybit deposit address had interacted with Arthur Hayes a year earlier, providing the basis for the link. The address still holds 5,278 ETH worth about $12.33 million. This updates earlier reporting that identified 1,500 ETH of the transfers as going to a Bybit deposit address linked to Hayes, while the new information attributes the full 3,000 ETH movement to an Arthur Hayes-linked address and adds the wallet’s remaining balance.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used to pay network fees and support transactions and smart contracts.
  • Arthur Hayes: The BitMEX co-founder frequently tracked by crypto market participants because wallet activity linked to him can influence market attention.
  • Deposit address: A wallet address assigned by a crypto exchange to receive tokens from external wallets before they are credited to a user account.