PANews reported on April 3 that according to Lookonchain monitoring, Wintermute has transferred $75 million of FDUSD to First Digital Labs since FDUSD was depegged due to market panic. Analysts said that it may have purchased FDUSD at a discount during the depegging period and redeemed it at a 1:1 price, realizing considerable arbitrage gains.
Wintermute is suspected of making profits through arbitrage during the FDUSD depegging period
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