TechFlow reports, according to Emberscan monitoring, Justin Sun may be conducting large-scale BTC-to-WBTC conversion operations. Following the announcement of WBTC custodianship changes, addresses associated with Justin Sun have cumulatively transferred 2,590 BTC (approximately $156.41 million) to Binance.
Shortly afterward, a newly created address on the Ethereum network began withdrawing WBTC from Binance, having already withdrawn 1,953 WBTC (approximately $117.78 million) so far.
Add to Favorites
Share to Social Media
