Coin

<ul class="news-points"> 
 <li><strong>DWF Labs withdrew 2 million $CRV tokens transferred to Binance a week ago.</strong></li> 
 <li><strong>Andrei Grachev, co-founder of DWF Labs, says the withdrawal is for inventory management.</strong></li> 
 <li><strong>DWF Labs was one of the many companies that acquired CRV tokens following Curve Finance’s hack.</strong></li> 
</ul> 
<p>Digital asset market marker and Web3 investment firm DWF Labs has transferred 2 million $CRV tokens, worth $972K, from Binance a week after it deposited the tokens in the crypto exchange. On-Chain analytical platform Lookonchain made this revelation today in a recent post on X.</p> 
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   <p lang="en" dir="ltr">DWF Labs(<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@DWFLabs</a>) withdrew 2M <a href="https://twitter.com/search?q=%24CRV&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$CRV</a>($972K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> 40 mins ago.<a href="https://t.co/ufyoilyFq8" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ufyoilyFq8</a> <a href="https://t.co/bohHiL4cmk" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/bohHiL4cmk</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1696449894985465921?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 29, 2023</a> 
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<p>Confirming the news,&nbsp; Andrei Grachev, co-founder of DWF Labs, said the company has transferred the tokens to its on-chain wallet as part of “some inventory management.” He added further that the company may send the tokens back to Binance in the future. But if it will, he said they will keep the crypto community posted.</p> 
<p>Like the initial transfer to Binance, the withdrawal of the tokens has raised speculations within the crypto community. Initially, when the f…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/dwf-labs-withdraws-2m-crv-tokens-from-binance-for-inventory-management/">DWF Labs Withdraws 2M $CRV Tokens from Binance for Inventory Management</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

DWF Labs Withdraws 2M $CRV Tokens from Binance for Inventory Management

Coin Edition

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