BitMEX co-founder: A "big guy" fell and sold all crypto assets

BlockBeats reported that on August 5, Arthur Hayes, co-founder of BitMEX, posted on social media that he learned through traditional financial sources that a "big guy" had fallen and sold all his crypto assets.

Currently, most of the community speculates that he is referring to Jump Crypto. According to an analysis released by EmberCN yesterday, Jump Trading may be selling ETH, and is currently redeeming a $410 million wstETH (120,000) in batches into ETH and then transferring it to trading platforms such as Binance/OKX. As of yesterday, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Of these, 66,000 ETH (about $191 million) have entered the trading platform.

According to Scopescan monitoring, Jump's positions are currently dominated by USDC and USDT.

BlockBeats previously reported that Fortune reported on June 20 that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto.