Whopping $118.7 Million Crypto Withdrawal from Binance in 16 Hours!

Key Points:

• A newly created address swiftly withdraws assets, totaling US$118.7 million.
• Assets include 7402 ETH (US$23.03 million) and 95.67 million USDT.
• Speculation arises that the address may belong to Justin Sun.

Crypto withdrawal a staggering sum of assets from Binance, sending shockwaves through the cryptocurrency community.

Over the course of just 16 hours, the address managed to siphon off a total of US$118.7 million from the exchange.

The breakdown of the withdrawn assets paints a vivid picture of the magnitude of this transaction. Among withdrawn assets were 7402 ETH, equivalent to approximately US$23.03 million at current market prices. Additionally, a whopping 95.67 million USDT (Tether) was also extracted from the platform, further adding to the substantial haul.

Address Possibly Linked to Justin Sun Raises Eyebrows

Speculation regarding the origin of this address has already begun circulating within the crypto space. Notably, industry insiders have suggested that the address may be linked to Justin Sun, the well-known entrepreneur and founder of TRON.

The sudden and substantial withdrawal from Binance has raised eyebrows and fueled discussions surrounding its potential implications. Some analysts view such large-scale withdrawals as indicative of significant market moves or strategic maneuvers by influential figures within the crypto sphere.