Justin Sun's ( @Justin Sun孙宇晨 ) $61.85M BTC-WBTC Swap: Resumes Massive Exchange Flow on #Binance
In the last few hours, crypto mogul Justin Sun has reignited his BTC-for-WBTC exchange strategy, sending 1,000 BTC (worth $61.85 million) to Binance via his alleged BTC deposit address 1FbsriVAYTre91CLjvBfciMR8ahoXR3TCS.
Shortly after, Sun withdrew 689.326 WBTC (valued at $42.62 million) from Binance to his Ethereum wallet 0xbe6d2444a717767544a8b0ba77833aa6519d81cd.
Since August 11, following his WBTC custody deal with BitGo, several wallets tied to Sun have transferred a total of 4,090 BTC (worth $253.3 million) to Binance. In return, a staggering 3,781 WBTC (worth $233.3 million) has been withdrawn to the same Ethereum wallet "0xbe6".
With these high-stakes movements continuing, all eyes are on Justin Sun as he navigates this massive BTC-WBTC conversion strategy!
