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Published 20 days ago

Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening?

Summary by Coingape
According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), has been transferring royalties to a wallet connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs have been flowing more than $250,000 worth of assets to the wallet address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1 that has been linked to FTX US. These transfers are ongoing as FTX US is…

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Yuga Labs NFT Royalty Sent To FTX US Address, What Is Happening?

According to blockchain intelligence firms Arkham Intelligence and Breadcrumbs, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), has been transferring royalties to a wallet connected to FTX US, which is now bankrupt. For the last two months, Yuga Labs have been flowing more than $250,000 worth of assets to the wallet address 0xAAe7aC476b117bcCAfE2f05F582906be44bc8FF1 that has been linked to FTX US. These transfers are ongoing as FTX US is…

20 days ago
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