FG Nexus Liquidates ETH, Losing Over $86.6 Million
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), FG Nexus has deposited the remaining 9,481 ETH (approximately $14.89 million) into Galaxy Digital, completing the liquidation of all ETH. The institution previously purchased a total of 51,156 ETH at a cost of approximately $196 million, with final cumulative proceeds from sales totaling only approximately $109.4 million, resulting in a total loss of approximately $86.6 million.
