Benzinga - Binance is under hot waters, after it moved 127,351 Bitcoins (CRYPTO: BTC) from its Proof of Reserve wallet (CRYPTO: BTCB) to cold storage, on-chain data reveals.
What Happened: After the above-mentioned transfer, over 68,200 BTC worth $1.1 billion were transferred to Binance from an anonymous wallet. In total, 59,151 BTC, over $98M unpegged from Binance’s BTC reserves.