Binance Sends Millions In Crypto To Wintermute Amid Transparency Questions
- Binance sent 110K SOL and 8K ETH to Wintermute, which were not linked to customer withdrawals.
- Binance’s July PoR shows full backing for SOL and ETH, raising questions on asset origin.
- The source of the Binance transferred assets raises questions despite reported 100% reserve ratios.
Between August 1 and 2, Binance transferred over 110,000 SOL and 8,000 ETH to Wintermute, a prominent market-making firm. These on-chain transactions occurred within 18 and 4 hours, respectively. The timing and volume of the transfers have raised concerns, mainly because the assets do not appear to be customer withdrawals. Blockchain records show a direct flow from Binance to Wintermute, with no indication that these funds came…
