【BitPush】According to on-chain monitoring data, the trading platform Lighter has extracted 32.05 million USDC to its vault address from within its ecosystem. Currently, approximately $100,000 remains in the platform's fee wallet.
Interestingly, this fund has not completely left the ecosystem. Of the $32.05 million, about $8.6 million was redeposited into Lighter after October 16, with roughly $7.5 million going into LLP (which generates fee refunds to liquidity providers). This operation has never been publicly disclosed before, nor mentioned in official documentation — equivalent to about 25% of the platform's total revenue being used for this purpose, which is indeed noteworthy.
The remaining $21.9 million USDC was transferred to Coinbase's custody address. Lighter then disclosed more technical details: its vault address is hardcoded in the contract as account 0, responsible for receiving