Infini Founder Suspected of Selling $11.66 Million Worth of ETH

An address linked to significant ETH withdrawals from Binance has resumed liquidating, with 2,500 ETH recently deposited, potentially making a $4.76 million profit.

ETH

Summary

An address previously responsible for withdrawing 14,001 ETH from Binance at an average price of $2,563 between June 10 and July 6 has resumed liquidating after a two-month hold. The address recently deposited 2,500 ETH to an exchange, potentially securing a $4.76 million profit. It currently holds 2,625 ETH.

Terms & Concepts
  • ETH: Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and decentralized applications.
  • Binance: Binance is one of the world's largest cryptocurrency exchanges, offering trading for various cryptocurrencies, including Ethereum.