Amber Group Withdraws $10M in UNI Tokens from Binance, Gate.io

IconCryptoNewsTerminal Staff15 Jun, 2024

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Amber Group Withdraws $10M in UNI Tokens from Binance, Gate.io

Amber Group, a prominent cryptocurrency market maker, has reportedly withdrawn a substantial amount of UNI tokens from Binance and Gate.io, two major cryptocurrency exchanges. According to blockchain analytics firm X, the withdrawals were made over a two-hour period on [date] and totaled 987,000 UNI, which was worth approximately $10.36 million at the time of the transaction. The reason for the withdrawals is currently unknown, but the move has raised speculation that Amber Group may be planning to launch its own decentralized exchange or investing in other decentralized finance (DeFi) projects. This is a developing story, and we will provide updates as they become available.

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