PANews reported on May 24 that, according to The Data Nerd, at 23:17:54 Beijing time on May 23, Cumberland deposited 1.6 million ARB into Coinbase, approximately equivalent to $1.89 million.

Since receiving 10 million ARB from Anchorage Digital 3 days ago, they have deposited a total of 8.6 million ARB (worth $9.9 million) into the exchange.