Trend Research borrows $57M in ETH, then withdraws it all from Binance hours later
A wallet linked to Trend Research deposited 100M USDC on Aave as collateral, borrowed 27,000 Ethereum, and sent it to Binance,
Hours later, the same wallet withdrew all 27,000 ETH back from Binance, leaving the firm's intentions unclear after a $747M loss on ETH last month.
Founder Jack Yi had publicly called ETH below $2,000 a buying opportunity just three days before the apparent short position was opened.