FG Nexus Completes Ethereum Liquidation After Final Deposit to a Centralized Exchange

FG Nexus has deposited its final 9,481 ETH into a centralized exchange (CEX), completing the liquidation of its entire Ethereum holdings. According to BlockBeats On-chain Detection, the transfer was monitored by Onchain Lens and involved a deposit to Galaxy Digital. The entity had previously deposited a cumulative 51,156 ETH to the same destination. Based on estimates cited in the report, FG Nexus realized an overall loss of about $86.6 million from the liquidation. The final deposit was reported on July 1.