Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO
Cointelegraph
Published Oct 01, 2022 07:26AM ET
Updated Oct 02, 2022 09:20AM ET
Disclaimer: This article has been updated to reflect Nexo's response stating that the fund transfer represents an operational transfer, involving the movement of funds from one Nexo address to another.
Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped Bitcoin (wBTC) — roughly worth $153 million — from MakerDAO.
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Written By: Cointelegraph
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