It started about 8 hours ago. https://i.imgur.com/DgWoWhp.png Coinbase sends $230 million USDC to Circle's deposit wallet: https://etherscan.io/tx/0x2b9130c4b4949fa0b86a5c302557b0547e199454e67489fc6db16092d1056477 Circle moves the $230 million to another Circle wallet: https://etherscan.io/tx/0x75f3b2e9931c3d28775364dc6f0a42dc56bb0ec3d225dc782905d505813b4c26 Circle then sends the $230 million to a null address: https://etherscan.io/tx/0xa27f9e785297115d9e0cafc90da7ec0f73abbb1a8136ab1ef63d06cee77a386c The null address sends $230 million USDC back to Circle: https://etherscan.io/tx/0x625cbc9bc6361499d9fbdc04f5fd4684e371b25d86c2c86e535c64026a82893e Circle then sends that $230 million USDC to Coinbase's USDC hot wallet: https://etherscan.io/tx/0xeea161e6181fcacfe8c80fdf25ef9b9445933936b936abebd435571c0f00de48 This cycle repeats 4 times. Are they testing stuff? submitted by /u/zoomercoomer9000 [comments]
