Data: Cai Wensheng's related address deposited 10,000 ETH into Compound 2 hours ago, then borrowed 3.2 million USDC and transferred it to Binance

ChainCatcher news, according to Twitter user Yu Jin monitoring, at 10:30:47 on April 22, Beijing time, the address starting with "0x930D7F" marked as "Cai Wensheng's friend" deposited 10,000 ETH into Compound, and then borrowed 3.2 million USDC to transfer to Binance. This address engaged in circular borrowing to buy ETH last year, and when ETH fell to $880 in June, its more than 200,000 ETH faced liquidation just a few dozen dollars away.

Subsequently, when the price of ETH was between 1000 USDT and 1200 USDT, this address began to trade ETH spot. (Source link)