Suspected Bitkub sold ZEC to exchange BTC, resulting in a loss of approximately $110 million in profits

A group of wallets suspected to be related to Sakolkorn Sakavee, co-founder of Bitkub, recently unlocked 65820 ZECs. Among them, 53900 ZECs were sold on Hyperliquid and 536.7 BTC were bought. Currently, there are still about 10000 ZECs and 8370 ZEC pending sell orders.