In a tweet on Friday, GFX’s Twitter handle called attention to a massive loan of Compound’s governance token, COMP, taken out by billionaire Justin Sun.
On-chain data shows that on Thursday, Sun’s wallet borrowed 99,000 COMP tokens worth over $13 million and later sent 102,000 tokens to Binance, the world's largest crypto exchange.
While it is impossible to definitively verify that the proposal address belongs to Sun, according to pseudonymous GFX Labs contributor PaperImperium, the pattern is reminiscent of a similar vote that took place in stablecoin issuer MakerDAO’s governance in January.
