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Asked on twitter too: so the implication is not just

that they're sending it to the same place, but that they cooperatively built a transaction to send it there in the same transaction?

That seems weird. Is it something the custodian would set up somehow? Why? To save on fees?

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No, it's just that the custodian is getting paid from the coinbase directly,, so its straight into their system and that custodian has abysmal account separation practices

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