Ethereum

Arkham

Foundation

BitTorrent

<div class="cryptonews">
 <p class="is-style-lead">Tron (TRX) co-founder Justin Sun — moved nearly $1.3 billion worth of cryptocurrency onto Binance deposit addresses over the last 24 hours, in addition to other major transfers.</p>
 <p>According to Arkham Intelligence data, Sun sent nine transfers to Binance deposit addresses over the last 29 hours. Those transfers — one of which came from his OpenSea account — translate to a total Binance deposit of over $1.28 billion within 24 hours.</p>
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 <p>Furthermore, Sun also transferred over 28 trillion BitTorrent (BTT) tokens worth over $10.8 million. Those tokens were transferred to the protocol’s Root Chain Manager Proxy, indicating that those tokens were likely moved off the Ethereum blockchain onto a different blockchain.</p>
 <p>BTT is a token created by the Tron Foundation to incentivize and compensate users on the popular BitTorrent file-sharing network. The Tron Foundation acquired BitTorrent in 2018 and introduced BTT in 2019 through an initial coin offering.</p>
 <p>BTT allows users to pay for faster download speeds and compensate file hosts for providing resources. When a user requests a file, it is split into pieces by hosts. Requesters can purchase BTT to get pieces faster from multiple hosts. The Tron blockchain records BTT transactions.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Tron founder Justin Sun’s holdings are up 50% in one month
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/justin-sun-moves-1-3m-to-binance-and-11m-of-btt-through-smart-contracts-tbt65116.html">https://thebittimes.com/justin-sun-moves-1-3m-to-binance-and-11m-of-btt-through-smart-contracts-tbt65116.html</a></p>

Justin Sun moves $1.3M to Binance and $11M of BTT through smart contracts

TheBitTimes

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