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

08/20 13:25

Loopring protocol's former founder, Daniel Wang, with the address "danielwang.eth", became active one hour ago and transferred 100 million LRC tokens worth $18.8 million to Loopring: Exchange v2. The specific process is as follows: (1) An address starting with 0x40 transferred 0.1 ETH to danielwang.eth as gas fee; (2) danielwang.eth interacted with the Loopring token contract to obtain 100 million LRC tokens and transferred them to the address starting with 0x40; (3) The address starting with 0x40 transferred the 100 million tokens to Loopring: Exchange v2. In March 2022, Daniel Wang announced his departure from the Loopring protocol and no longer participates in the project's daily work. Since then, Daniel Wang, Brecht Devos, and others have jointly established the Ethereum Layer2 scaling solution Taiko, which is currently in the second round of fundraising, raising a total of $22 million.

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