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The suspected LIGHT team associated address deposited $6.4 million worth of tokens into the CEX 6 hours before the coin price flash crash.
On December 22, according to onchainschool.pro (@how2onchain), it was monitored that at 10:43 PM last night, 6 hours before the LIGHT coin price flash crash, LIGHT worth 6.4 million USD was transferred from a wallet that had previously received funds from the team's wallet to CEX. Two days prior, this wallet had sent LIGHT tokens worth 2.4 million USD to CEX. Additionally, 2.4 million USD worth of tokens were transferred to a separate wallet, which remains unused to this day. The wallet address that sent funds to CEX is: 0xCC727b9077C2ee5c2F780Ce50fC9D8f4f248CFE5. Earlier reports indicated that BitLight (LIGHT) experienced a flash crash this morning, briefly dropping below 1 USD, and the total liquidation amount for LIGHT futures trading across the network reached 7.64 million USD in 4 hours, ranking first in the network.