Amber Group Wallet Withdraws $20 Million in ETH and UNI from Binance

IconCryptoNewsTerminal Staff15 Jun, 2024

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Amber Group Wallet Withdraws $20 Million in ETH and UNI from Binance

Amber Group Withdraws $20 Million in Crypto from Binance blockchain analytics firm Lookonchain reported that a wallet associated with crypto market maker Amber Group withdrew 987,053 UNI worth $10.6 million and 2,638 ETH worth $9.2 million from Binance earlier today. The reasons behind the withdrawal are still unknown, but it is worth noting that this is one of the largest withdrawals from Binance in recent months. It is also worth noting that Amber Group has been facing some financial difficulties lately, so it is possible that this withdrawal is related to those difficulties. Whatever the reason, this withdrawal is a reminder that even the largest and most well-respected crypto companies are not immune to financial difficulties. It is also a reminder that it is important to keep your crypto assets in a safe and secure place, such as a hardware wallet.

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