Crypto trading firm Cumberland transferred about $6.65 million in assets to centralized exchanges on July 28, according to blockchain tracker OnchainLens. The transfers included 108,090 HYPE tokens worth about $5.95 million sent to Bybit, along with 700,000 USDT moved to Binance. The activity was flagged in a BlockBeats flash update citing OnchainLens data. No additional details on the purpose of the transfers were disclosed in the source. The reported deposits were split across two exchanges, with the HYPE allocation accounting for most of the total value and the USDT leg making up the remainder. The source did not provide any extra context beyond the on-chain movements.
Cumberland deposited about $6.65 million in assets to centralized exchanges on July 28, according to OnchainLens, as cited by BlockBeats.
The transfers included 108,090 HYPE worth about $5.95 million sent to Bybit and 700,000 USDT sent to Binance.
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