BitMEX Co-founder: A "big player" has fallen and sold all their crypto assets

BitMEX co-founder Arthur Hayes posted on social media that he learned through traditional financial news channels that a "big player" has fallen and sold all their crypto assets.

Most of the community currently speculates that he is referring to Jump Crypto. According to an analysis released by EmberCN yesterday, Jump Trading may be selling ETH, recently redeeming a batch worth $410 million wstETH (120,000) into ETH and then transferring it to trading platforms such as Binance/OKX. As of yesterday, Jump Trading has redeemed 83,000 wstETH into 97,500 ETH in the past nine days since July 25th. Among them, 66,000 ETH (approximately $191 million) have already entered the trading platform.

According to Scopescan monitoring, Jump's current position is dominated by USDC and USDT.

Previously reported by Fortune on June 20th stated that the U.S Commodity Futures Trading Commission (CFTC) is investigating Jump Crypto.