Wallet linked to Ethereum co-founder Joseph Lubin moves 110,000 ETH to defend $259 million DAI debt position
Wallet linked to Ethereum co-founder Joseph Lubin moves 110,000 ETH to defend $259 million DAI debt position
A wallet linked to Ethereum co-founder Joseph Lubin moved 110,000 ETH worth roughly $170 million on Saturday after years of inactivity.The ETH was supplied as additional collateral to three Sky (formerly MakerDAO) vaults that now hold $259.05 million in DAI debt.Onchain analysts described the move as defensive collateral management to reduce liquidation risk, not a sale.