BlockTower Capital Deposits $16.78M in DeFi Tokens to Binance, Likely Takes $2.94M Loss

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A major crypto investment firm, BlockTower Capital, has made a major move by transferring to Binance over the past nine hours assets valued at $16.78 million. The funds consist of DeFi tokens that amount to $16.78 million and have been moved from an unknown wallet to the exchange. It’s a significant sum, and the fact that it’s all headed to Binance is especially eye-opening. Large-scale asset movements are always closely watched when it comes to institutional players like BlockTower. And when those movements are in the direction of an exchange, it understandably raises questions about why those assets are being

The post BlockTower Capital Deposits $16.78M in DeFi Tokens to Binance, Likely Takes $2.94M Loss appeared first on The Merkle News.

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