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Latest knowledge from Arkham signifies that the third-largest Bitcoin holder’s deal with bc1ql49ydapnjafl5t2cp9zqpjwe6pdgmxy98859v2 is managed by market maker Leap Buying and selling and is saved on the Robinhood custodial service platform. Over the previous three months, this deal with has gathered a complete of 118,300.2 BTC, equal to roughly $30.8 billion USD.
Moreover, knowledge from BitInfoCharts gives insights into the dominant Bitcoin holding addresses.
Certainly one of Binance’s chilly wallets, with an deal with of 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo, holds a considerable 248,597 BTC. Equally, Bitfinex, with its chilly pockets deal with bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97, additionally possesses an quantity of 178,010 BTC. These two addresses signify a few of the largest Bitcoin holdings.
Leap Crypto, a distinguished but enigmatic participant within the cryptocurrency realm, operates as a key division of the normal quantitative buying and selling powerhouse, Leap Buying and selling Group. The agency has been linked to vital crypto occasions, together with the Terra Luna crash and the chapter of FTX.
In November 2022, rumors advised that Leap Crypto would possibly wind down its operations on account of potential FTX-related losses. Nonetheless, on November 17, Leap Crypto swiftly dispelled these rumors by way of a tweet, highlighting their sturdy monetary standing and asserting their standing as one of the crucial well-capitalized entities within the crypto area. They additional emphasised that their dealings with FTX had been properly inside their danger parameters.
Quick ahead to March 3, 2023, Leap Crypto showcased its adeptness by addressing the Wormhole Exploit from February 2022. Using their good contracts, they managed to reclaim roughly $195 million in stolen Ethereum. In partnership with Oasis, they modified the good contract’s logic on the Oasis Community, making certain the protected return of 120,000 stolen wrapped ETH. Whereas this transfer underscores Leap Crypto’s capabilities, it additionally sparks issues in regards to the potential misuse of such methods within the DeFi sector, posing questions in regards to the business’s trustworthiness.
Picture supply: Shutterstock
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