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Metalpha deposited 18,000 ETH into Spark and borrowed 20 million dollars in stablecoin, then deposited it into CEX.
Gate News bot reported that according to Onchain Lens monitoring, hours ago, Metalpha withdrew 18,000 ETH (48.05 million USD) from CEX.
They provided it to Spark, borrowing $12 million in $USDS and $8 million in $DAI, converting it into $20 million in USDC, and then depositing it back into CEX.