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The previous payment address for 1.56 million SOL recharges was a Coinbase hot wallet

The previous payment address for 1.56 million SOL recharges was a Coinbase hot wallet

CointimeCointime2024/05/07 10:37
By:Cointime

As monitored by on-chain analyst @ai_9684xtpa, a comparison of the address tags of Solscan and SolanaFM browsers revealed that the address that received a large transfer one year ago was Coinbase Exchange, and the receiving address for the deposit of 1.56 million SOL this afternoon was also a hot wallet address (rather than a deposit address, which should have been a personal address first and then transferred to the deposit address), indicating a possible problem with the CieloFinance tag. Earlier today, on-chain data showed that a certain whale transferred 1.56 million SOL worth $240 million to Coinbase a few hours ago. The whale had transferred this batch of SOL from Coinbase in April-May 2023, with an average price of about 22 USDT.

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