Lighter transferred 32.05 million USDC to its vault address, of which approximately $7.5 million went to LLP.

According to MLM monitoring, Lighter withdrew a total of 32.05 million USDC from the platform and transferred it to its vault address, of which approximately $100,000 remained in the transaction fee wallet within the Lighter platform. Of this $32.05 million, approximately $8.6 million has been deposited back into Lighter since October 16th, with approximately $7.5 million going into LLP (transaction fees generated are returned to holders and reflected in LLP earnings). This is unusual, as it has never been publicly disclosed or mentioned in any documents before, representing approximately 25% of total revenue used for this purpose. The remaining approximately $21.9 million USDC was transferred to a Coinbase escrow address. Lighter also disclosed that its vault address is hardcoded into account 0 by the contract, responsible for receiving platform transaction fees, and the address can be changed through the contract mechanism.