Justin Sun Continues Converting BTC to WBTC

IconCryptoNewsTerminal Staff25 Aug, 2024

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Justin Sun Continues Converting BTC to WBTC

AmberCN reports that "500 BTC ($32.12 million) was deposited into Justin Sun's team's Binance address 5 hours ago. Simultaneously, 637 WBTC (approximately $40.78 million) was sent from Binance to an address starting with 0xbE6. Since the WBTC management authority was modified on August 11th, Justin Sun's team has been converting BTC to WBTC. Since then, Justin Sun's team has moved 3090 BTC ($188 million) into Binance and withdrawn 2590 WBTC ($156 million) from Binance to an address starting with 0xbE6."

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