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

The post Wintermute’s $241M FDUSD Exodus: Binance Withdrawals to First Digital Labs appeared first on Coinpedia Fintech News

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 Over the last five days, similar transactional moves reveal a larger pattern, where Wintermute has withdrawn a total of 241 million $FDUSD from Binance.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.