Lighter withdrew 32.05 million USDC from the platform to its treasury address, with approximately $7.5 million entering LLP

Techub News reports, according to MLM monitoring, Lighter has withdrawn a total of 32.05 million USDC from the platform to its treasury address, with approximately $100,000 currently remaining in the fee wallet within the Lighter platform. Of this $32.05 million, about $8.6 million has been redeposited into Lighter since October 16th, with roughly $7.5 million going into LLP (the generated fees are returned to holders, reflected in LLP earnings). This is somewhat unusual, as it was never previously disclosed publicly nor mentioned in the documentation—equivalent to about 25% of total revenue being used for this purpose. The remaining approximately $21.9 million USDC was transferred to a Coinbase custody address. Lighter also disclosed that its treasury address is hardcoded in the contract as account 0, responsible for receiving platform fees, and the address can be changed through the contract mechanism.