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Wintermute is suspected of profiting through arbitrage during the FDUSD depegging.
PANews, April 3 - According to Lookonchain monitoring, since FDUSD decoupled due to market panic, Wintermute has transferred 75 million USD worth of FDUSD to First Digital Labs. Analysis suggests that it may have purchased FDUSD at a discount during the decoupling period and redeemed it at a 1:1 price, achieving considerable arbitrage profits.