- Binance transferred all 40,000 BTC held in the 38DN2 cold wallet.
- The crypto exchange sent 10,000 BTC to a Binance hot wallet address labeled bc1qm.
- An unlabeled newly created wallet received the remaining 30,000 BTC.
Colin Wu, a renowned Chinese crypto journalist, reported a significant Bitcoin transfer involving the Binance cold wallet address labeled 38DN2. Wu posted on X (formerly Twitter) that Binance transferred all 40,000 BTC held in the cold wallet, sending 10,000 BTC to Binance hot wallet address labeled bc1qm. It sent the remaining 30,000 BTC to an unlabeled newly created wallet.
Today, the Binance cold wallet address (38DN2) transferred all 40,000 BTC it held, worth US$1.47 billion, of which 10,000 BTC was transferred to Binance hot wallet address (bc1qm). Another 30,000 BTC were transferred to the new address 3F9CGMu7JSJnMHA8jFM2KgxuH6hhxtvENP.…— Wu Blockchain (@WuBlockchain) November 9, 2023
Wu linked the reported information to Arkham Intelligence, a platform that systematically analyzes and deanonymizes blockchain transactions, showing users the people and companies behind blockchain activity. Data found on Arkham Intelligence provided …
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