Bitcoin

<ul><li>Justin Sun transferred 2,590 BTC worth $156.4M to Binance following BitGo&#39;s WBTC custody model change.</li><li>Blockchain data shows Sun&#39;s address moved over $100M in BTC to Binance in multiple transactions on August 19.</li><li>The model shift is designed to distribute control across different parties and regions.</li></ul>Justin Sun&#39;s recent large-scale Bitcoin transactions have sparked significant attention following the announcement of changes to BitGo&#39;s WBTC custody model. According to blockchain source EmberCN, an address linked to Sun transferred approximately 2,590 Bitcoins ($156.4 million) to Binance, raising concerns across the crypto community. These events unfolded shortly after BitGo revealed its plan to decentralize WBTC&#39;s custody, which drew heightened scrutiny due to Sun’s prior involvement.<h2 id="header-0">Series of Bitcoin Transfers</h2>Blockchain intelligence platform Arkham detected a series of substantial Bitcoin transfers initiated from a wallet associated with Justin Sun. On August 19, 2024, at 17:22 UTC, the address transferred 96.9 BTC worth $5.69 million to Binance. An hour later, the same wallet moved 999.99 BTC, valued at $58.8 million, to another Binance address. This was followed by further transactions, including 107.25 BTC ($6.34 million) and 499.99 BTC ($29.54 million) directed to <a href="https://cryptotale.org/binances-intentional-misconduct-posed-serious-threats-to-economy-prosecutors/" rel="noopener noreferrer nofollow">Binance’s</a> hot wallets. These transactions have caused unease within the crypto community, particularly after the BitGo custody changes involving multiple jurisdictions.<a href="https://cryptotale.org/justin-sun-transfers-156-4m-btc-amid-custody-change/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>

Justin Sun transfers $156.4M BTC Amid Custody Change

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