Abraxas Capital’s address withdrew 60,000 ETH from Bitfinex in the past 15 hours

According to on-chain analyst Ember, the whale address marked by Arkham as Abraxas Capital has withdrawn a total of 60,000 ETH (about $203.06 million) from Bitfinex in the past 15 hours. Then these ETH were deposited into Spark as collateral to mint and borrow 101 million DAI, which was converted into 101 million USDC on the chain and then transferred to Binance.