Wallet linked to Ethereum co-founder Joseph Lubin moves 110,000 ETH to defend $259M DAI debt position

- Joseph Lubin just moved 110,000 ETH to save his $259M DAI debt from liquidation. Onchain sleuths call it "defensive collateral management," which is finance-speak for "please don't let me get rekt." While moonboys scream about Ethereum’s future, its co-founder is playing whack-a-mole with his own leverage. It’s not a sell-off; it’s a desperate hug with the liquidation wall. Regulators would have a field day if this were a bank, but here, it’s just Tuesday. Lubin isn’t dumping; he’s dodging. The irony? The man who built the infrastructure is now manually managing risk like a retail trader with too much margin. Stay safe, stay leveraged, and for the love of Satoshi, read the fine print.