Arthur Hayes Receives 11.73 Million USDC From Galaxy Digital and Flowdesk

BitMEX co-founder Arthur Hayes received 11.73 million USDC from Galaxy Digital and Flowdesk. Hayes transferred 8,000 Ether (ETH), valued at $18.69 million, on Oct. 24. The Oct. 24 Ether movement was valued at about $19 million. Binance, Galaxy Digital and FalconX each received 1,600 ETH in the Oct. 24 transfers , totaling 4,800 ETH; destinations for the remaining 3,200 ETH were not identified. Galaxy Digital received 1,600 ETH and was one of the firms that sent USDC to Hayes. The Ether transfers show movement to exchange and market-maker addresses but do not establish that any of the ETH was sold.