Binance Sees $44.79M Withdrawal by Two Whale Addresses, One Linked to Amber Group

IconCryptoNewsTerminal Staff15 Aug, 2024

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Binance Sees $44.79M Withdrawal by Two Whale Addresses, One Linked to Amber Group

On-chain analyst The Data Nerd recently reported that two anonymous addresses withdrew a total of 771 WBTC, valued at approximately $44.79 million, from Binance within a 10-minute time frame. One of the addresses, beginning with 0x774, is suspected to be linked to Amber Group, a prominent crypto market-making firm. The second address, starting with 0xbE6, has withdrawn a substantial 1,606 WBTC, equivalent to $94.62 million, over the past three days. These large-scale withdrawals have sparked speculation within the cryptocurrency community.