Ondo Project Multisig Transfers 150 Million ONDO, With 21.338 Million Sent to Coinbase and Bybit

According to the new report, an Ondo Finance team-linked address moved $9.16 million in ONDO to exchanges after receiving 150 million ONDO, while 21.71 million ONDO was sent to an inactive multisig.

ONDO

Summary

A new report says an Ondo Finance team-linked address transferred $9.16 million in ONDO to exchanges over the past eight hours after receiving 150 million ONDO worth about $63.88 million from a team address. It also states that 21.71 million ONDO was sent to a multisig wallet that has not moved or sold the tokens. This differs from the earlier report, which said the Ondo project’s multisig wallet moved 150 million ONDO and that 21.338 million ONDO worth $9.15 million was sent to Coinbase and Bybit. Because the two accounts provide different wallet attribution and token-flow details, both versions remain part of the record.

Terms & Concepts
  • Multisig wallet: A crypto wallet that requires multiple approvals to authorize a transaction, helping improve security and shared control over funds.
  • ONDO: The native token associated with Ondo Finance, used within the project’s ecosystem and tracked through on-chain transfers.
  • Team-linked address: A blockchain wallet identified by observers as being associated with a project team, though not necessarily an officially labeled treasury wallet.