Elwood Technologies Converts 52 Million USDC to USDT on Binance

IconCryptoNewsTerminal Staff13 Aug, 2024

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Elwood Technologies Converts 52 Million USDC to USDT on Binance

On-chain analyst The Data Nerd analyzed that an "alleged Elwood Technologies address, an institutional crypto risk management platform in London, received 52 million USDC from Circle via X, deposited into Binance, then swapped the entire 52 million USDC to USDT" three hours ago. Elwood Technologies has not yet publicly commented on the transaction. ---