Wallet 0xc79b Sells 288.1 cbBTC, Buys Back 203.6 at Higher Price

Wallet 0xc79b sold 288.1 cbBTC at $77,592 each and later bought back 203.6 at $77,804 each, paying more per token for a smaller position.

The sale brought in about $22.35 million, while the buyback cost about $15.85 million. The quoted purchase price was $212 higher per token than the sale price.

The wallet had earlier sold 200 cbBTC at $77,458 each after buying tokens from February through July 2026 at an average of $68,750 per token, in a previous 200-cbBTC trade.

The latest transactions followed the Oct. 30 attack on a Binance hot wallet. Binance said customer funds remained safe. Bitcoin (BTC) later rebounded to $81,200 after the sale, then declined as the wallet bought back part of its position.