Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO By Cointelegraph

Disclaimer: This article has been updated to reflect Nexo’s response stating that the fund transfer represents an operational transfer, involving the movement of funds from one Nexo address to another.

Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped (wBTC) — roughly worth $153 million — from MakerDAO.