U.S. rapper Kanye West sold 1,390 ETH worth $3.163 million to reduce liquidation risk, ai_9684xtpa reported. The address split the sales about six hours after news of the Binance hack, recording an average selling price of $2,275.6 and an estimated loss of about $317,000. It currently has 19,506 ETH posted as collateral against roughly $27.67 million in stablecoin loans. Liquidation risk refers to the possibility that pledged assets are sold when borrowing requirements are not met.