# Binance Transfers 21,750 Bitcoin Between Cold and Hot Wallets By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45980 Published: 2026-11-01T20:15:29.000Z Updated: 2026-11-01T20:15:29.000Z Section: Investing > 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 By 7:50 a.m. ET that day, users had withdrawn 19,569 BTC, worth roughly $1.5 billion.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](). ## Links in this article - [most large transfers involving the exchange as movements from cold wallets to new hot wallets](https://www.tokenpost.com/news/business/45805)