BitForex founder deposits $1M in WLFI to Binance

Garrett Jin, founder of the fraudulent crypto exchange BitForex, deposited 17 million WLFI worth $1.01 million to Binance six hours ago, according to an analysis by on-chain analyst EmberCN. EmberCN added that an address believed to belong to Jin withdrew 313 million WLFI worth $31.89 million from Binance in February, when WLFI was trading near $0.10. If the tokens deposited today are sold, the move would amount to cutting losses at about a 40% loss. According to CoinMarketCap, WLFI was trading at $0.05952, up 3.38%, at the time of writing.