Binance sent $2 billion worth of Bitcoin (BTC) to a newly opened wallet. Experts made predictions about the purpose of the transfer.
by Whale Alert 28 november reported on the as part of a transfer, $2.06 billion worth 127,351 BTC Moved from a wallet known to be Binance’s cold wallet to another newly opened and unknown wallet. Analysts, the process most probably Binance’s own one of its internal processes claimed it was.
Experts believe that the transfer made by Binance to the proof-of-reserve system He stated that it could be part of a preparation for After FTX filed for bankruptcy, Binance argued that cryptocurrency exchanges do not use customer assets for personal gain and should switch to a full proof-of-reserve system to prove that all customers can easily pay their deposits in case of panic. In addition, within this proposal, Binance has also recently will switch to full reserve proof had reported.
Upon the news, users on social media announced that the giant cryptocurrency exchange CEO Changpeng Zhao (CZ) called for a statement within the scope of its transparency policy. But not yet from Binance or CEO CZ. No explanation was received.