AssayCase #016

Assay Case #016 · Synthetic evaluation case

Where did the $50M actually go?

Treasury Movement Reconstruction — OpenFX

Entity · Northstar Digital Treasury

Treasury Movement Reconstruction

Observed event

Northstar Digital Treasury withdrew $50M in stablecoins from institutional custody and distributed the funds across 14 wallets on OpenFX during a 72-hour period.

Analyst claim

“Northstar deployed most of the $50M into OpenFX DeFi and liquidity strategies.”

Evaluation question

Reconstruct where the $50M ultimately went and classify the economic purpose of each allocation. Validate or reject the analyst claim.

Initial withdrawal
$50.0M
Destination wallets
14
Transactions analyzed
86
Time window
72 hours
Chains involved
2

Use Case StudyNext: Did 420 new stations actually improve the network?

Synthetic evaluation case based on common institutional treasury patterns. No real institution is represented.