According to ForkLog, a prominent magazine on the digital economy and future, a wallet linked to Ethereum co-founder and Consensys head Joseph Lubin has transferred 110,000 ETH to Maker to bolster the collateral for a debt position of approximately 259 million DAI, as reported by The Block. On-chain trackers indicate that the address initially deposited 80,000 ETH and later added another 30,000 ETH amid a decline in ETH prices and an increase in liquidation risk.
CryptoEthereum
Ethereum Co-Founder Transfers 110,000 ETH to MakerDAO
Ethereum co-founder Joseph Lubin has transferred 110,000 ETH to MakerDAO to strengthen collateral for a significant debt position.
Mercation Admin
June 6, 2026 1 min read