Jump Crypto Swaps 11,800 stETH for ETH and Begins Transferring to Exchanges

According to Ember Monitoring, Jump Crypto exchanged 11,802 $stETH (approximately $40.50 million) for $ETH in the past hour and transferred it to an address starting with 0xf58, and has begun to transfer it to exchanges in succession. These $ETH are long-term assets held by Jump Crypto, derived from the 120,000 $ETH they recovered from the Wormhole hacker in February 2023. [Foresight News]