CZ Justifies 127k BTC Transaction
November 28, 2022
Whale Alert in a tweet revealed that Binance transferred 127k BTC worth over $2 billion to an unknown wallet.
Following this, Binance CEO Changpeng Zhao quote retweeted Whale Alert and clarified the reason behind it.
Learn more CZ detailed that it was a part of the proof-of-reserve audit. He added, in order to prove to the auditor that they control the wallet, they need to send a specific amount to themselves. He specified that the rest amount goes to a Change address which is also a New Address. Learn more He reassures his followers saying “Ignore FUD!”. At the time of writing, BTC price is $16,220.21 USD. More Crypto Stories...
