An unnamed trader lost 50 million USD by converting 50.43 million aEthUSDT for 327 aEthAAVE. This huge loss is believed to connect with Garrett Jin, a known figure in the crypto space.
Tracking identified 13 wallets potentially belonging to Jin, which received stablecoins from Binance shortly before his notable sales of 261,000 ETH and 11,300 BTC.
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