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The address of the former founder of Loopring transferred 100 million LRC tokens to Loopring: Exchange v2, worth $18.8 million

20/08/2023 21:16

Odaily Planet Daily News According to on-chain monitoring, after 116 days, the address "danielwang.eth" of Daniel Wang, the former founder of the Loopring protocol, became active 1 hour ago, and transferred 100 million LRC tokens to Loopring: Exchange v2, worth $18.8 million. The specific process is as follows: (1) Transfer 0.1 ETH to danielwang.eth from the address starting with 0x40 as the Gas fee; (2) danielwang.eth interacts with the Loopring token contract to obtain 100 million LRC tokens and transfer them to the address starting with 0x40; (3) The address starting with 0x40 transfers the 100 million tokens to Loopring: Exchange v2. In March 2022, Daniel Wang issued a document announcing his departure from the Loopring protocol and no longer participating in the daily work of the project. Since then, Daniel Wang and Brecht Devos have co-founded Taiko, an Ethereum Layer 2 expansion solution. Currently, the project has completed two rounds of financing, raising a total of $22 million.

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