Babylon Sees $1.26B in BTC Unstaked, TVL Drops 32% Amid Lombard Transition
A massive unstaking event has rocked Babylon, a prominent Bitcoin staking protocol, leading to a staggering $1.26 billion worth of BTC being withdrawn and slashing its total value locked (TVL) by 32%. On April 17, blockchain analytics firm Lookonchain flagged four wallet addresses responsible for unstaking 14,929 BTC from Babylon. ...
