Arthur Hayes receives 646 ETH from Galaxy Digital

BitMEX co-founder Arthur Hayes has received 646.33 ETH, valued at $1.24 million, from Galaxy Digital, according to Onchain Lens. The on-chain analysis firm noted that immediately after receiving the ETH, Hayes transferred 1.25 million USDC to crypto prime broker FalconX. Onchain Lens suggested that the ETH receipt and the USDC transfer are likely part of the same transaction or settlement process.