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Justin Sun's related address transferred 58 million BUSDs to Paxos for cash

BlockBeats news, November 24, according to the detection on the Lookonchain chain, Justin Sun related address (marked as "Justin Sun" on the chain) extracted about 50 million BUSDs from Binance, and from Aave: aBUSD Token V2 extracted about 7.4 million BUSDs, and then transferred 58,068,019 BUSDs to Paxos: Deposit address for cash.
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Justin Sun borrowed 99,000 comPs from Compound with the alleged intention of controlling Compound's addition of TUSD as collateral.
1. Justin Sun has participated in multiple Ethereum re-staking projects, including Swell L2, Ether.Fi, EigenLayer, and Puffer Finance. 2. Justin Sun deposited 120,000 eETH worth $376 million into Swell L2, accounting for 46.6% of Swell L2's total deposits. 3. Justin Sun has purchased a total of 323,799 ETH worth approximately $1.0248 billion through CEX withdrawals and on-chain purchases in 6 months, with an average price of $2,942. 4. Justin Sun's crypto wallet holds a total value of approximately $4.165 billion in crypto assets, ranking first in the personal on-chain crypto asset holdings. 5. Justin Sun's large-scale investment in Ethereum has triggered speculation that market sentiment may shift positively, which may drive Ethereum prices into a recovery phase.
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