Lookonchain: It is suspected that Justin Sun’s wallet earned more than 3.3 million US dollars during the unanchored period of USDC

On March 15th, Lookonchain monitoring data showed that Justin Sun’s wallet was suspected to have earned more than $3.3 million during the unanchored period of USDC. The address starting with 0xbcb7 took out 50 million USDC from Aave after USDC was unanchored and converted it into DAI at a 1:1 ratio, and then took out USDC from Binance and also converted it into DAI. Then the address withdrew 214.9 million USDT from Binance, converted 100 million USDT into 103.3 million USDC, 75 million USDT into 75.5 million DAI, and then converted all USDC into DAI. After the anchor price of USDC was restored, the address exchanged 30 million DAI for 30 million USDC, purchased 20 million USDC with USDT, and transferred a total of 50 million USDC to the address “0x30Dff”, which had previously received I have been to Justin Sun 100 million USDC. On-chain data shows that the entire operation not only avoided USDC unanchoring losses but also earned more than $3.3 million.