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Arthur Hayes Acquires 113.7 ETH via Galaxy Digital OTC Platform

Arthur Hayes, former BitMEX CEO, purchased 113.7 ETH worth $520,000 through Galaxy Digital’s OTC platform, according to Onchain Lens data.

ETH

Summary

Arthur Hayes, the former CEO of BitMEX, bought 113.7 ETH valued at around $520,000 from Galaxy Digital’s OTC platform, according to Onchain Lens monitoring. The transaction took place about 20 minutes before the report, signaling continued involvement in digital assets, though further details on his holdings remain undisclosed.

Terms & Concepts
  • Ethereum (ETH): A decentralized blockchain platform with smart contract functionality, and its native cryptocurrency used for transactions and network operations.
  • OTC (Over-the-Counter) Trading: Direct trading between parties without a centralized exchange, often used for large transactions to minimize market impact.
  • On-chain Data: Information recorded directly on a blockchain, allowing transparency and verification of transactions in real time.