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Wallet linked to Ethereum co-founder Joseph Lubin moves 110,000 ETH to defend $259 million DAI debt position
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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.
2026-06-07 Source:theblock.co
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