Wintermute’s $241M FDUSD Exodus: Binance Withdrawals to First Digital Labs

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  • Sohrab Khawas

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  • Sep 3, 2024 11:02 UTC
  • Less than a minute
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In the past couple of hours, Wintermute executed a significant transaction, withdrawing 75 million $FDUSD from Binance. The transfer is done to the First Digital Labs. Over the last five days, similar transactional moves reveal a larger pattern, where Wintermute has withdrawn a total of 241 million $FDUSD from Binance. All the transferred funds eventually end up at the First Digital Labs. These transactions raise questions about the strategic movements of funds from Wintermute. 

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