Binance Moves 2,000 BTC; He Yi Explains It’s a New Wallet
Original headline바이낸스 2000 BTC 이동…허이, 새 지갑이라고 설명
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Binance co-founder Yi He confirmed that a transfer of 2,000 BTC (worth approximately $156 million) from the exchange to an unmarked wallet was a move to a new Binance wallet, according to ChainCatcher. Whale Alert had flagged the transfer as going to an "unidentified wallet," which indicates the tracking service could not determine the recipient's owner, not that the address is externally controlled. Yi He stated that the new withdrawal address will be included in Binance's proof-of-reserves. The clarification comes amid heightened scrutiny of exchange reserves and fund movements. Watchers should monitor Binance's upcoming proof-of-reserves updates to verify the new address's inclusion.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, Yi He, Bitcoin (BTC), Whale Alert
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