Galaxy Digital OTC deposits 15,000 ETH, worth $34.74 million, to the exchange

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ETH news: Galaxy Digital OTC’s address (0x16F...1Fde) deposited 15,000 ETH, worth $34.74 million, into an exchange. The funds originated from 38,000 ETH withdrawn from Aave a week earlier—the same day Kelp DAO was attacked, reportedly resulting in bad debt on the platform. ETH update: This movement underscores recent on-chain activity tied to major institutional players.

Odaily Planet Daily reports, according to AI Aunt monitoring, the Galaxy Digital OTC-related address (0x16F...1Fde) deposited 15,000 ETH, worth $34.74 million, into an exchange. These funds originated from 38,000 ETH withdrawn from Aave one week ago—the same day Kelp DAO was attacked and Aave reportedly incurred bad debt.

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