Justin Sun transferred 621,000 XVS tokens (worth approximately $1.95 million at current prices) from his on-chain wallet to HTX today, following another security incident affecting the Venus protocol. Sun had held these tokens for two years since withdrawing them from Binance in January 2024, when they were valued at $7.58 million at $12.2 per token. The transfer represents a significant unrealized loss of $5.63 million as XVS has declined substantially from its 2024 entry price. The move comes amid ongoing concerns about Venus platform security.
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