DWF Labs transferred 10.5 million CRV to CEX

According to on-chain analyst @ai_9684xtpa, DWF Labs' dormant CRV OTC address deposited 10.5 million CRV into Binance five minutes ago, worth $3.48 million. In August 2023, founder Michael Egorov sold 159.4 million CRV to 33 investors/institutions at a price of $0.4 per coin, of which DWF took over 12.5 million coins; if the remaining part is all sold out, it will result in a loss of $717 thousand.