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      Address 0x2160 loops long BNB by borrowing 2.6 million USDT via Venus

      PANews reported on August 24 that, according to Lookonchain, a whale at address 0x2160 withdrew 8,474 BNB (approximately $5.9 million) from Binance and deposited them into the lending protocol Venus as collateral. The address then borrowed 2.6 million USDT from Venus and deposited the USDT back into Binance to continue buying BNB, creating a leveraged long position through circular lending.


      Source: PANews
      .

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