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Bitcoin $96,697.53 -2.06%
Ethereum $3,300.44 -5.39%
BNB $644.66 -4.40%
Optimism $2.07 -10.39%
Arbitrum $0.81 -7.41%
Solana $245.30 -6.22%
Polygon $0.54 -7.71%
Cosmos $8.30 +0.53%
Avalanche $39.41 -7.66%

3 SBF-Related Wallets Swapped $90M stETH for Ethereum at Height of Market Depeg

Blockchain security firm PeckShield identified three wallets that converted 63,860 staked Ethereum (stETH) — roughly $90 million — to Ethereum (ETH) when the stETH/ETH peg dropped to a monthly low between May 2022 and June 2022.

The firm said the three wallets withdrew the stETH from FTX, converted it to ETH, and then transferred the funds back to the exchange. It added that these transactions might be connected to FTX founder Sam Bankman-Fried (SBF).

(By Oluwapelumi Adejumo)

Ethereum $3,300.44

-5.39%

FTX SBF Sam Bankman-Fried Ethereum

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3 SBF-Related Wallets Swapped $90M stETH for Ethereum at Height of Market Depeg

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