🚀 Ethereum hot wallet called Binance 14 spent 530 Ether ($840k) in gas fees in 24 hours! This extraordinary situation occurred on September 21 due to high on-chain activity.
📈 According to Dune Analytics data, the address processed 146,582 transactions in the same period, and gas fees on the Ethereum network increased by 5433%, from 6 gwei to 332 gwei per transaction.
🔍 Binance has yet to make a statement, but the update suggests that the crypto exchange is in the process of wallet consolidation to ensure the safety of user funds while gas fees are low.
🌐 Meanwhile, while Binance's legal struggle with the US authorities continues, CEO CZ stated that he gave a loan to BAM, not from BAM Management, which allegedly gave him a loan of $ 250 million.
👮♂️ Binance has also begun exploring opportunities to collaborate with legal representatives to improve crime prevention and investigation capabilities around the world. The crypto exchange has been invited to the International Cyber Policing Symposium by the Hong Kong Police in 2023.
📈 According to Dune Analytics data, the address processed 146,582 transactions in the same period, and gas fees on the Ethereum network increased by 5433%, from 6 gwei to 332 gwei per transaction.
🔍 Binance has yet to make a statement, but the update suggests that the crypto exchange is in the process of wallet consolidation to ensure the safety of user funds while gas fees are low.
🌐 Meanwhile, while Binance's legal struggle with the US authorities continues, CEO CZ stated that he gave a loan to BAM, not from BAM Management, which allegedly gave him a loan of $ 250 million.
👮♂️ Binance has also begun exploring opportunities to collaborate with legal representatives to improve crime prevention and investigation capabilities around the world. The crypto exchange has been invited to the International Cyber Policing Symposium by the Hong Kong Police in 2023.