TechFlow reports that, according to Embers' monitoring, an address suspected to belong to Sun Yuchen's team continues converting BTC into WBTC.
Five hours ago, 500 BTC ($32.12M) entered Binance via a Binance deposit address suspected to be linked to Sun’s team, while simultaneously, 637 WBTC ($40.78M) were withdrawn from Binance on the Ethereum chain to the address 0xbE6...1cD.
Since the announcement of WBTC custody changes (August 11), 3,090 BTC ($188.33M) have entered Binance through Binance deposit addresses suspected to be associated with Sun Yuchen's team, followed by withdrawals of 2,590 WBTC ($155.74M) from Binance to the address 0xbE6...1cD.
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