An address suspected to belong to Ethereum co-founder Joseph Lubin was used to collateralize 410,000 ETH on Maker to borrow 259 million DAI.

CoinFeed reported on June 7th that, according to on-chain analyst Ai Yi, three addresses suspected to belong to Ethereum co-founder Joseph Lubin have collectively staked approximately 412,430 ETH on Maker, worth about $653 million, and borrowed approximately 259 million DAI. The health index of these addresses briefly fell below 1.2 yesterday, but recovered to above 1.48 after adding approximately 110,000 ETH as collateral during the ETH price drop.