PANews reported on March 16 that according to on-chain analyst @ai_9684xtpa, an address suspected to belong to DFG founder James Wo has hoarded UNI and MKR worth a total of $18.68 million. Since February 3, the address has withdrawn a total of 1.97 million UNI (17.67 million USD) from Binance, with an average price of $8.97, and currently has a floating loss of $5.357 million. In addition, five hours ago, the address also withdrew $1.02 million in MKR.

Update: James Wo, founder of DFG and co-founder of Jsquare, responded that the address is one of the addresses where Jsquare holds its own funds and has nothing to do with DFG. Jsquare recently completed a new round of primary fund raising of US$50 million.