CZ Justifies 127k BTC Transaction

Whale Alert in a tweet revealed that Binance transferred 127k BTC worth over $2 billion to an unknown wallet.

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Following this, Binance CEO Changpeng Zhao quote retweeted Whale Alert and clarified the reason behind it.

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CZ detailed that it was a part of the proof-of-reserve audit.

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He added, in order to prove to the auditor that they control the wallet, they need to send a specific amount to themselves.

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He specified that the rest amount goes to a Change address which is also a New Address.

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He reassures his followers saying “Ignore FUD!”.

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At the time of writing, BTC price is $16,220.21 USD.

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