Abraxas Capital transferred over 75 million USD worth of ETH from Binance, Kraken, and DeFi to its wallets in 11 hours.

The company also withdrew and redistributed tens of millions of USDT, AETH, and WETH across the protocols.

The activity indicates a rebalancing of strategic assets across centralized and decentralized platforms.

Abraxas Capital Management, operating under the Heka Fund brand, executed a series of major Ethereum (ETH) transactions within 11 hours, transferring over 75 million USD worth of ETH from centralized exchanges and DeFi platforms to its wallets. Blockchain data reveals that the company withdrew 41,269 ETH from Binance and Kraken, along with additional transfers involving Aave and Compound.

The recent activity includes a transfer of 500 Ethereum, valued at approximately 965,100 USD, from Aave's WrappedToken gateway to an address controlled by Abraxas. This movement indicates recent interaction with decentralized protocols, likely related to position management or capital reallocation.

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