He also raised whether offshore and onshore order-book liquidity could be combined and asked if Stan Druckenmiller viewed real-time tracking as an advantage.
The holder accumulated the tokens through Coinbase Prime and FalconX at an average cost of about $81 each.
ZEC gained 6.78% in 24 hours; short liquidations totaled $170,000 across three exchanges during the same one-hour period.
The protocol estimates losses at about $20,000, though the final amount has not been confirmed.
Binance is buying back stolen assets to complete its proof of reserves, and the deposit may be part of that effort.
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