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Arthur Hayes Transfers Over $1.2 Million in BIO Tokens to Binance After Vesting Claim

Arthur Hayes Transfers Over $1.2 Million in BIO Tokens to Binance After Vesting Claim

BitMEX co-founder Arthur Hayes unlocked over $730,000 in BIO tokens from a vesting contract before transferring nearly $1.2 million worth of BIO to Binance, according to on-chain analyst Yujin.

Summary

BitMEX co-founder Arthur Hayes transferred 19.872 million BIO tokens valued at $1.2 million to Binance after unlocking and claiming 12.212 million BIO worth $730,000 from a vesting contract, according to on-chain analyst Yujin. The move follows previous transfers and occurs amid steep market declines that have led to significant losses in Hayes’ BIO holdings.

Terms & Concepts
  • BIO token: A cryptocurrency whose specific project or platform origin is not stated in the source.
  • Binance: A global cryptocurrency exchange platform for trading digital assets.
  • Vesting contract: A blockchain-based mechanism that releases tokens to a holder over a predetermined schedule or upon meeting specific conditions.