Abraxas Capital minted 20 million DAI on MakerDAO and converted it into USDC and deposited it into Binance
Data tracked by Arkham shows that this morning, Abraxas Capital management company withdrew $54.6 million worth of ETH from Bitfinex and used it to mint 20 million DAI on MakerDAO. They then exchanged the DAI for USDC and deposited 20 million USDC into Binance. They currently hold nearly $100 million in ETH and wstETH in MakerDAO's vaults and have borrowed nearly 50 million DAI against it as collateral.
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