Tens of Millions of USD Saved by Mysterious Whale During FTX Crash and USDC Depeg: Details

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Tens of Millions of USD Saved by Mysterious Whale During FTX Crash and USDC Depeg: Details
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This SmartMoney wallet withdrew $21 million in crypto FTX before it shut down withdrawal; did they know something? lookonchain. $ETH $USDC

who managed to save tens of millions of USD worth of crypto during the infamous events that took place in the crypto market in early November of last year.

Besides, recently, when USDC stablecoin was close to depegging from USD, this investor was able to make a substantial profit. SmartMoney is what lucky investors are called who manage to make large profits within months or sometimes even single transfers despite a negative situation on the cryptocurrency market.According to the tweet and the screenshot, this whale was lucky to timely withdraw 4 million USDC and 10,646 Ethers from infamous cryptocurrencybefore it shut down withdrawals in early November 2022.

As for the recent turmoil caused by the closure of several top crypto-friendly banks in the U.S. and the blow it gave stablecoins, this whale somehow managed to earn roughly $200,000 in USDT, while the USDC stablecoin nearly lost its USD peg.

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