The address tagged as Justin Sun transferred about 50 million BUSD to the Paxos Treasury address

PeckShield said on Twitter that the address marked as Justin Sun by Etherscan transferred about 50 million BUSD to the Paxos Treasury address. Addresses marked as Justin Sun by Etherscan today transferred about 120 million BUSD and about 35 million USDC to Paxos Treasury and Circle addresses respectively. Foresight News previously reported that according to Lookonchain analysis, Justin Sun’s address (starting with 0x611F9) has transferred a total of 2.36 billion USDC to Circle since the UST and LUNA crashed on May 12. Sun Yuchen responded that this is only internal fund arrangement and deployment, and there are a lot of double counting in transfers and transfers. With the continuous development of business development, related fund arrangement and deployment will increase.