FlowDesk Wallet Transfers Over $28 Million in LINK and ETH to Binance

According to Lookonchain monitoring, FunFair founder Jez San moved and sold large amounts of ETH and LINK through Flowdesk-linked wallets to Binance, with combined transfers exceeding $28 million.

ETH
LINK

Summary

Blockchain monitoring by Lookonchain reported that FunFair founder Jez San sold 6,091 ETH and 1.618 million LINK on March 5 through Flowdesk-linked wallets that transferred the assets to Binance. The ETH was valued at approximately $12.92 million and the LINK at about $15.19 million, bringing the combined transaction value to more than $28 million. The transfers clarify that the movements previously attributed to a FlowDesk-associated wallet were linked to San’s wallets using Flowdesk infrastructure to route the assets to the exchange.

Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used to pay transaction fees and power decentralized applications and smart contracts.
  • LINK (Chainlink): The native token of the Chainlink network, used to pay for decentralized oracle services that supply external data to blockchain smart contracts.
  • FlowDesk: A digital asset trading and liquidity infrastructure provider that offers market-making and execution services for institutional crypto transactions.