Data: A new address withdrew 10,057 ETH from Binance and is using it for circular lending to long stETH
According to Lookonchain monitoring, a newly created address (0x81d0) withdrew 10,057 ETH from Binance, worth 33.68 million USD, and then staked it on Lido to obtain stETH.
The address deposited stETH into Aave, borrowed 45 million USDT to buy 13,461 stETH, and then deposited that stETH back into Aave.
Risk warning Risk warning
