In total, the company sent 25,000 ETH more than $ 40 million to Binance. Lookonchain experts found that Galaxy Digital has completed these transactions: 2,500 ETH for $ 4.05 million and 10,000 ETH for $ 16.32 million, April 12, Galaxy Digital moved $ 7.11 million and 8,000 ETH to Binance 4,500 ETH by $ 12.63 million.
In addition to the air, Galaxy Digital made large transactions with stablecoins, transferring 5 million USDT to Binance. The company also sent 100,000 USDC and Avalanche (AVAX) in the amount of $ 1000.
According to the ARKHAM Intelligence platform, the company’s assets after the translated transfers have 199.795 ETH in the amount of $ 328,470 and 18,150 AVAX tokens for $ 363,180. In addition, the Galaxy Digital owns 4.208 million DAI and 3.757 million USDC, the total cost of which It is estimated at about $ 7.97 million.
The company began to move crypto assets after resolving the case of the collapse of the South Korean crypto platform Terraform Labs. Galaxy Digital agreed to pay compensation $ 200 million in order to resolve the charges of the New York Prosecutor General’s Office of Luna crypto actors. Galaxy Digital promoted Luna token in 2020, concluding a deal to purchase it for a reduced price. When Galaxy Digital promoted Luna, the price of token grew. With the increase in the cost of the crypto acting, the company sold it, having made a profit of hundreds of millions of dollars. These transactions could be carried out without proper disclosure of information, the prosecutor’s office suspected.
Last week, the US Securities and Exchange Commission (SEC) allowed Galaxy Digital to place its shares on the NASDAQ stock exchange. Now the company is trading on the Toronto Stock Exchange (TSX).
Source: Bits

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