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DWF Labs Deposits 10.5 Million CRV Tokens to Binance, Potential Loss of $717,000 | Flash News Detail | Blockchain.News
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8/22/2024 3:41:57 PM

DWF Labs Deposits 10.5 Million CRV Tokens to Binance, Potential Loss of $717,000

DWF Labs Deposits 10.5 Million CRV Tokens to Binance, Potential Loss of $717,000

According to @ai_9684xtpa, DWF Labs has deposited 10.5 million CRV tokens, worth $3.48 million, to Binance from an OTC address that had been inactive for a year. This move suggests that DWF Labs might be planning to sell these tokens. In August 2023, founder Michael Egorov sold 159.4 million CRV tokens at $0.4 each to 33 investors and institutions, with DWF Labs acquiring 12.5 million of these tokens. If DWF Labs sells the remaining portion, they stand to incur a loss of $717,000.

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Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references