News-Flash

Large BTC.b Bridge and AVAX Borrowing on Avalanche Reported

According to Luigi D’Onorio DeMeo, Chief Operating Officer of Ava Labs, monitoring data from DeBank shows that an address starting with 0xd485 today bridged over $31 million worth of BTC.b to Avalanche and deposited it into Aave V3. Following this, the address borrowed 520,000 AVAX (approximately $14.62 million).

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