Coinspeaker
Binance Moves $3 Billion Worth of BTC to New Address
Top crypto exchange Binance has shared its recent move which saw it transfer massive amounts of Bitcoin (BTC) to a new blockchain address. According to the crypto firm, it recently moved at least nine figures worth of BTC but assures users of the safety of their funds. Per Binance, the funds are now safely tucked away in cold storage.
Meanwhile, analytic firm Blockchain.com has also run a check on the new cold storage. This was done to verify Binance’s claims. According to Blockchain.com data, the said address received 15,000 BTC, in the early hours of Monday. That is worth around $402 million as of press time. The analytic firm also found another transaction where 117,000 BTC was transferred from one of Binance’s old cold wallet addresses to a new one. The single transaction is worth over 3 billion dollars.
Further confirming Blockchain.com’s data, a similar analytic firm Bitinfocharts says that a total of 130,000
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