On 6/8/22, 2 mystery wallets withdrew $75M+ of stETH from FTX, they then proceeded to market-sell everything, kicking off a “de-peg” event seen as one of the contributing factors to Celsius’s bankrun and the demise of 3AC We know today that SBF/Alameda was behind these sales, full on-chain analysis

June ’22, the stETH depeg event led to a significant stress in the market, and many rumors of Celsius liquidity problems. Celcius announced just 4 days after the Alameda stETH sales that it was halting withdrawals. Alameda was suspected of playing a role in the June depeg but there wasn’t Read more…