Wallet 0xf000 (suspected to belong to Multicoin Capital) was reported to transfer 30 million USDC to the Worldcoin team wallet and receive back 60 million WLD worth approximately 29.06 million USD, raising suspicions of off-exchange block trade.
The transaction occurred in 2 steps separated by nearly 1 day, indicating the possibility of direct exchange between USDC and WLD without going through a centralized exchange, according to on-chain tracking data from Ember Observation.
MAIN CONTENT
Wallet 0xf000 transferred 30 million USDC to the Worldcoin team wallet.
This wallet received 60 million WLD from the same wallet 7 hours later.
The value of WLD received is approximately 29.06 million USD, suspected off-exchange block trade.
Details of the USDC–WLD transaction
The address 0xf000 is believed to have exchanged 30 million USDC for 60 million WLD through the Worldcoin team wallet, with the market value of WLD approximately 29.06 million USD.
According to Ember Observation, 0xf000 (suspected to belong to Multicoin Capital) transferred 30 million USDC to the Worldcoin team wallet 1 day ago. Then, 7 hours before the report, the wallet 0xf000 received 60 million WLD from the Worldcoin team wallet.
The amount of WLD received is valued at approximately 29.06 million USD based on the market price at the time of recording. The difference between 30 million USDC transferred and 29.06 million USD value of WLD received reflects price fluctuations, fees/discounts, or terms of the agreement, but the original content only states the market value and cash flow.
Suspicions of off-exchange block trade
The chain of transferring USDC to the team wallet and receiving WLD back is seen as a sign of an off-exchange block trade.
The report describes this as a suspected off-exchange transaction because the asset transfer flow shows a direct reciprocal relationship between 2 wallets: USDC goes from 0xf000 to the Worldcoin team wallet, then WLD returns from the team wallet to 0xf000. This model is often used when parties want to match large orders without placing orders directly on the exchange.
The original content does not provide additional information about the actual matching price, OTC terms, or official confirmation regarding the owner of 0xf000; it only states the suspicion that this address belongs to Multicoin Capital and the suspicion of off-exchange block trade based on on-chain observations.
Source: https://tintucbitcoin.com/multicoin-bi-nghi-mua-otc-60m-wld/
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