$2 Billion Moves in the First 3 Hours After Binance Reopens Withdrawals

Crypto tracker Whale Alert flagged about $2 billion in Bitcoin (BTC), Ethereum (ETH) and dollar-pegged stablecoins leaving Binance within roughly three hours of the exchange reopening withdrawals Sunday. Binance says it now pays out every withdrawal from brand-new wallets. Binance froze withdrawals after attackers took about $6.3 billion on October 29. For customers locked out since then, and for Bitcoin holders hoping for a relief rally, the question is whether this money is leaving or being reshuffled. Who Moved $2 Billion Out of Binance? Whale Alert posts show 10,000 BTC worth about $779 million, nearly $1 billion in Tether (USDT), $200 million in USD Coin (USDC), and 30,000 ETH worth $68 million.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.