August 6, 2025

Massive Ethereum Whale Moves Over $200 Million Off of Bitfinex, On-Chain Data Shows

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A major cryptocurrency investor, believed to be the London-based Abraxas Capital Management, recently moved more than $206 million worth of Ethereum ($ETH) off the Bitfinex exchange over a 16-hour period. Abraxas, a crypto-focused investment manager with over $2 billion in assets under management as of April 2024, reportedly deposited the ETH into Spark, a decentralized

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Source: CryptoGlobe

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