He Yi: The address that received 2,000 BTC is a new Binance wallet.

Binance co-founder He Yi confirmed that a 2,000 BTC transfer (worth roughly $156 million) flagged by Whale Alert on November 1 was sent to a new Binance wallet, not an external address. The receiving address is a newly designated withdrawal wallet for the exchange, and it has already been incorporated into Binance's proof-of-reserves reporting. The clarification matters because large unexplained outflows from major exchanges often trigger concerns about liquidity or solvency, and Whale Alert had initially labeled the destination as an "unknown wallet." The episode underscores the role of on-chain monitoring services in shaping market narratives around exchange flows. What to watch next: whether Binance publishes updated proof-of-reserves attestations reflecting the new wallet and if further large BTC movements from the exchange draw scrutiny.