Whale Pulls $493M in wstETH and cbBTC From Aave as KelpDAO rsETH Bridge Bug Blocks ETH Withdrawals
Lookonchain data cited by Huo Xing Finance shows an OTC whale wallet (0xd45...FB20), previously linked to purchases of 163,000 ETH and 4,000 cbBTC, has withdrawn 98,032 wstETH worth about $272 million and 3,000 cbBTC worth about $221 million from Aave.
With ETH withdrawals reportedly blocked by a vulnerability in the KelpDAO rsETH bridge, the wallet swapped 7,438 aEthWETH (about $16.83 million) directly for 1,930 stETH and 5,272 ETH, taking a hit of 237 ETH, or roughly $5.4 million.
The address still holds 10,000 ETH valued at around $228 million on Aave.