The post Lido Founder Uses $85M Borrowing to Shift 15,800+ ETH on Exchange appeared first on Coinpedia Fintech News
Blockchain analytics firm Lookonchain reports that Konstantin Lomashuk, founder of Lido, borrowed 85 million USDT from Aave, a decentralized lending protocol. Lomashuk transferred 80 million USDT to Amber Group, which then deposited the funds onto a crypto exchange. Subsequently, 15,814 ETH, worth approximately $59.75 million, was withdrawn. This series of transactions underscores significant liquidity movement involving key DeFi players amid evolving Ethereum market conditions.