Let's break down the math:
They buy 41 WBTC at a discount for 40.8565 BTC
They send it to a custodian (who charges a 0.2% fee)
Finally, they receive 40.918 BTC on their bitcoin wallet
Net profit 0.0615 BTC (~$4,700) with zero risk. In this case, the B2C2 generated a 27% APR
Here is how @B2C2Group (also known as 90K Capital Ltd) makes risk-free profit by purchasing @WrappedBTC at a discount and redeeming it for native bitcoin:native
Just a day later, on May 9, 2026, they receive 40.918 BTC on their native bitcoin address bc1qtkeedvllvy0qrv8e3z9745m0wew3rpcmclsm5s. (Tx ID: 1c20567434cea9123277bad6fe8535c2e176c4580831b8739670abac05562090)
After closing the loan, the remaining funds were transferred to another address:
0xF20b338752976878754518183873602902360704 (F2Pool)
0x62691488007cfe71c7546888da8fa167e6184486440ed33924acdd3a56bbc7bb
0xe2ef060c12043cea8e2381b5f0673feaf03f6c124264bcdb1d9f401b01ac5931
Within 24 hours after the rsETH incident, the address
0x1fc75ad0511ddc3a23b9583ba1c285b8292faed5
started closing its loan in USDT tokens on the Aave platform, selling weETH tokens at a discount of around 1% 0xeffaa7c51ea1e457ff88271a8ffa5172c70cb4846ec4fed26e7ed59e9a757c59
The funds are sent from Bybit’s hot wallet
(tx: 0x2428e4e670bbb4f7f8c3ff68215023d0e2943aa9f980e87f2ebef9032c803c49)
What are the possible reasons why they are doing this?
A whale wallet 0xdb6e9e7390e9acc34619e56efa48ade01cff6f12 is trying to create a new clean address 0x3642cbea69ade6b4ab1dbc5e7d179393b94efef3 using the @Bybit_Official exchange as an intermediary
Here is an example:
0xdb6e9 deposits 18.998 #WBTC to the #Bybit exchange
(tx: 0x6c337576e6f8f2ca1e64c46b09a4c506ee6a3920821241513a9c4c172be17312)
Then, a few minutes later, it withdraws 18.998 W #BTC to the new address 0x3642c