$FDUSD Depeg Drama: How Wintermute Turned a Dip into Millions in Minutes

After some bankruptcy news, #FDUSD briefly depegged to $0.8726

Soon after, #Wintermute withdrew 38.91 million FDUSD from #Binance

Not long after that, they sent 29.7 million FDUSD to another wallet:

0x06aDaac796f792B6E2EcfA5a6Bf9B345B76c7D70

👉 If they bought it around $0.90 and it went back to $1, that’s a profit of over $3.3 million.

$BTC