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Jump Crypto swapped 11,802 stETH to ETH in less than 1 hour, with some already transferred to a trading platform.

By: theblockbeats.news|2025/07/17 12:51:43

BlockBeats News, July 17th, according to on-chain analyst Yu Jin's monitoring, Jump Crypto transferred 11,802 stETH (40.5 million USD) to ETH in the past hour to the 0xf58 address and has started sending transactions to exchanges.

This ETH originated from 120,000 ETH that Jump Crypto "reverted" from a Wormhole hacker in February 2023. A considerable amount has been sold off earlier, and it is now estimated that there are still 28,000 ETH remaining.

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