Tron founder Justin Sun on Wednesday withdrew 100 million BUSD stablecoins from crypto exchange Binance. The 100 million BUSD withdrawn was then moved to the Paxos Treasury. Binance CEO CZ on Tuesday pointed out that 100 million USDC transferred by Justin Sun to Binance is part of deploying BUSD on Tron through cross-chain swaps.
Justin Sun Transfers 100 Million BUSD
PeckShield Alert in a tweet on December 14 revealed that a wallet address associated with Justin Sun has withdrawn 100 million BUSD stablecoin from Binance. The Etherscan transaction cited showed that 100,000,311.866 in Binance USD (BUSD) was transferred from Binance 15 wallet to 0x9f84 at 08:56 AM UTC.
On-chain platform Lookonchain confirmed that Justin Sun has withdrawn 100 million BUSD again from Binance. Also, Justin Sun had withdrawn almost 33.91 million BUSD and 15.43 million USDT from Binance on December 13. Thereafter, he transferred 33.91 BUSD to Paxos Treasury and 15.43 million USDT to Circle.
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