$BTC big move! Sun Ge made another move, $150 million BTC turned into WBTC, what is the mystery behind it?
On August 20, EmberCN monitored a remarkable news: after the announcement of the change of WBTC custody rights, 2,590 BTC (worth up to $156.41 million) on Justin Sun's address were transferred to Binance!
This is not over yet. Then a newly created address appeared on the Ethereum chain and began to withdraw a large amount of WBTC from Binance. So far, 1,953 WBTC (worth $117.78 million) have been withdrawn.
Judging from the time and motivation, it is very likely that Justin Sun's team was behind the scenes to replace BTC with WBTC. What is the purpose of this move? Is it a market layout, or is there another meaning? Let's wait and see!
