Amid a swirl of speculation surrounding the prominent centralized crypto exchange, Binance, significant amounts of Bitcoin (BTC) are being withdrawn by investors.
Founder and CEO Changpeng Zhao (CZ) has labeled these rumors as an attempt to sow “fear, uncertainty, and doubt” (FUD).
The well-known Whale Alert account on Twitter detected five distinct withdrawals all occurring within the same minute on August 23.
These combined withdrawals accounted for a substantial total of 5,729 BTC, equivalent to around $150 million, in this specific instance.
Although these transactions were conducted independently, they were all incorporated into a single Bitcoin block (block height 804522), which resulted in them being timestamped simultaneously.
Among these transactions, several recipients were involved, but one address stands out prominently. The anonymous address with the identifier “1KNm4…rA72p” was responsible for the most substantial portion, holding a sizable 5,434 BTC at the time of this article’s publication.