Binance Hot Wallet Transfers $23 Million ETH to Alleged Metalpha Address
CryptoNewsTerminal Staff22 Aug, 2024
Binance Hot Wallet Transfers $23 Million ETH to Alleged Metalpha Address
Binance Moves $23.11 Million ETH to Suspected Metalpha Address Blockchain analytics firm Arkham Intelligence (ARKM) has detected the transfer of 8,768 ETH (approximately $23.11 million) from a Binance hot wallet address to another address linked to Metalpha, a Hong Kong-based digital asset management firm. The transaction occurred approximately 23 minutes ago. This transfer follows a series of significant fund movements involving Binance in recent weeks. However, the purpose and implications of this latest transfer remain unclear. Further details are expected to emerge as the situation unfolds.
