Whale Arbitrages CRV for $160,000 Profit Amid Price Discrepancy

According to @EmberCN, a whale purchased 6.313 million CRV tokens on-chain an hour ago and transferred them to Binance for arbitrage, earning a $160,000 (10%) profit. The price discrepancy between on-chain and centralized exchanges (CEX) was influenced by the liquidation of Curve founder Michael Egorov's borrowing position. The whale withdrew 1.5 million USDT from Binance, bought CRV at an average price of $0.237 on-chain, and sold it at $0.263 on Binance.