Wallets Linked to Bitkub Co-Founder Sold 139.6K ZEC, Missing Over $110M in Potential Gains

According to MLM onchain, a cluster of wallets suspected to be linked to Bitkub co-founder and former chairman Sakolkorn Sakavee has been unshielding and selling ZEC over the past four weeks. MLM said the wallets sold around 139,600 ZEC for roughly $111 million; at current prices, the same amount would be worth about $223 million, implying more than $110 million in unrealized upside was missed. On Aug. 27, MLM had reported that the wallets had unshielded 65,820 ZEC, sold 53,900 ZEC, and bought 536.7 BTC. — link

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