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Binance transferred approximately 21,750 BTC from cold wallets to hot wallets, likely to cover user losses.

2 hours ago

According to monitoring by on-chain analytics firm Onchain Lens, Binance transferred approximately 21,750 Bitcoin (BTC) from cold wallets to hot wallets, valued at around $1.69 billion. The fund transfer may be linked to the exchange’s preparation to cover user losses, though the specific purpose has not been officially confirmed.

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