A wallet linked to Kanye withdrew 2,074 ETH from Binance, worth about $4.7 million, according to on-chain monitoring by @ai_9684xtpa. The move came after the same address had previously sold 1,390 ETH on-chain following the disclosure of the Oct. 30 Binance hack news in order to reduce liquidation risk. After withdrawals were broadly reopened, the address then pulled another 2,074 ETH from Binance. It remains unclear whether the latest transfer reflects a larger position being rebuilt or simply a token withdrawal. Based on the figures cited by the monitor, the address currently has 21,109 ETH posted as collateral and has borrowed $27.71 million in stablecoins, with health factors of 1.44 and 1.62.
A wallet linked to Kanye withdrew 2,074 ETH from Binance, worth about $4.7 million, according to @ai_9684xtpa.
The address had earlier sold 1,390 ETH on-chain after news of the Binance hack was disclosed on Oct. 30, with the stated purpose of lowering liquidation risk. After withdrawals were broadly reopened, the wallet then withdrew another 2,074 ETH from Binance.
It is not yet clear whether the latest move was meant to increase the position or was simply a token withdrawal. The address currently has 21,109 ETH pledged as collateral and has borrowed $27.71 million in stablecoins, with health factors of 1.44 and 1.62.
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