Fasanara Capital withdraws $6.2M in ETH from exchanges
CryptoNewsTerminal Staff25 May, 2024
Fasanara Capital withdraws $6.2M in ETH from exchanges
On-chain analyst The Data Nerd reported that an address presumed to be linked to Europe-based Fasanara Capital withdrew 1,600 ETH ($6.2 million) from Bybit and KuCoin. The address currently holds 5,383 ETH ($20.16 million). The reasons behind the withdrawal are unknown, but it is worth noting that Fasanara Capital has been an active player in the cryptocurrency market in recent times. The firm has made several investments in blockchain startups and has also been involved in the development of digital asset custody solutions.
