Add as a preferred source on GoogleBinance Transfers 21,750 Bitcoin Between Cold and Hot Wallets
The movement was between Binance cold and hot wallets, and the observation alone does not establish a customer outflow. Binance users withdrew $4.4 billion on Nov. 1, the first day withdrawals resumed.
Binance moved 21,750 Bitcoin (BTC) between its cold and hot wallets in a transfer valued at about $1.69 billion; the movement alone does not show that customers withdrew those coins.
Binance users withdrew $4.4 billion on Nov. 1, the first day withdrawals resumed. By 7:50 a.m. ET that day, users had withdrawn 19,569 BTC, worth roughly $1.5 billion.
Binance co-founder 何一 has described most large transfers involving the exchange as movements from cold wallets to new hot wallets.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.