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Former Ontology co-founder transfers 4,669 ETH to Binance, losing $1.62 million

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Jan 16, 2025

The former co-founder of Ontology redeemed 4,669 $ETH from Lido and transferred it to Binance, approximately worth 15.65 million dollars. According to on-chain analyst Ember's monitoring, the address jitrust.eth, tagged as former Ontology co-founder @Andyjzd, completed this transaction 20 minutes ago. These $ETH were withdrawn from Binance a month and a half ago at a price of $3,708 each, and are now being transferred back to Binance at a price of $3,352, resulting in a loss of $1.62 million.

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