Coinbase Director: Zhu Su's OX.FUN may have a liquidity crisis
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3 hours ago 7,022
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On February 24, Coinbase director Conor Grogan posted on social media that according to my on-chain analysis, ZhuSu's crypto trading platform OxFun currently holds less than about $1.7 million in non-OX assets. If they process a pending $1 million withdrawal request, the remaining $1,000 balance will be reduced to about $1,000. Of course, it is also possible that they still have unmarked wallets, but I can't track them down. But to be honest... this is ZhuSu, everyone understands it.
Latest updates: · All ETH's GnosisSafe multi-signed wallets seem to have been cleared; · Two Solana wallets found with a total balance of less than $1 million, mainly holding FWOG and SLERF tokens; · They seem to be withdrawing the flow of some LP positions and sell SOL for USDC, while buying OX.