Justin Sun Returns for More Bitcoin: Binance Transactions May Continue
TRON founder Justin Sun is continuing his Bitcoin (BTC) transactions where he left off.
According to data provided by on-chain analytics platform Spot On Chain, a wallet named “0xbe6” associated with Justin Sun made a move for Bitcoin on August 26.
The wallet in question withdrew 637 WBTC worth $40.8 million from Binance.
Since BitGo’s WBTC custody agreement with Justin Sun on August 11, the wallet has processed 2,590 WBTC withdrawals sent to Binance via the “1Fbsri” deposit address, which allegedly belongs to Justin Sun.
The “1Fbsri” address recently sent another 500 BTC worth $32.12 million to the Binance wallet. This suggests that more WBTC could soon be converted to the “0xbe6” wallet and withdrawn.
According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is trading at $63,000 at the time of writing.
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