Back

Arthur Hayes Withdraws 1.85 Million LDO Tokens from Binance

On December 26, Lookonchain reported that former BitMEX CEO Arthur Hayes purchased 1.855 million Lido DAO tokens worth about $1.03 million and withdrew them from Binance.

LDO

Summary

Arthur Hayes, former CEO of BitMEX, acquired 1.855 million Lido DAO (LDO) tokens valued at approximately $1.03 million from Binance on December 26. The purchase and withdrawal were reported by blockchain analytics platform Lookonchain. The transaction was identified via on-chain tracking, reflecting Hayes’ significant engagement in LDO investments.

Terms & Concepts
  • Lido DAO (LDO): A governance token for the Lido protocol, which offers staking (locking crypto to earn rewards) services for multiple blockchains.
  • Lookonchain: A blockchain analytics platform that monitors and reports cryptocurrency transactions and asset movements.
  • Binance: A major global cryptocurrency exchange offering trading, custody, and related digital asset services.