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A Whale/Institution has accumulated $136 million worth of WBTC and ETH over the past 6 days through a flash loan mechanism.

By: theblockbeats.news|2025/08/17 15:51:57

BlockBeats News, August 17th, according to Ashes Monitor, a whale/institution has accumulated $136 million worth of WBTC and ETH through a flash loan scheme on OKX and Bybit in the past 6 days.

They first withdrew a portion of WBTC and ETH from OKX and Bybit to deposit into Aave, then borrowed USDT to transfer to Bybit, and then proceeded to withdraw WBTC and ETH from OKX and Bybit.

Currently, within 6 days, they have accumulated 918.6 WBTC ($108 million, average cost $118,833) and 6,218 ETH ($28.33 million, average cost $4,511). The borrowed amount on Aave is $29 million.

Base Ecosystem DeFi Execution Platform Definitive (EDGE) has surged 9x in the past month, with a total market capitalization surpassing $800 million.

Cross-Chain DeFi Protocol MaiaDAO Launches Ethereum Reserve, Current ETH Holdings Reach 169 Coins