F2Pool co-founder Wang Chun withdraws $21M in ETH and WBTC from Binance

F2Pool Co-Founder Wang Chun Moves $20.7M In ETH And WBTC To Spark Protocol

Onchain analyst @ai_9684xtpa flagged a series of rapid withdrawals from Binance early Friday that point to a notable repositioning by a major Chinese miner. The address 0xF42…f2b51, tied to F2Pool co-founder Wang Chun, pulled 7,650 ETH and 124.18 WBTC—worth roughly $20.67 million—over four hours and then moved the entire sum into Spark Protocol, according to the original report. F2Pool is one of the oldest and largest Bitcoin mining pools, and W…

F2Pool co-founder Wang Chun withdraws $21M in ETH and WBTC from Binance

Chun's significant asset shift to DeFi highlights a growing trend of moving away from centralized exchanges, emphasizing DeFi's rising influence. The post F2Pool co-founder Wang Chun withdraws $21M in ETH and WBTC from Binance appeared first on Crypto Briefing.