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.

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.

He reassures his followers saying “ Ignore FUD !”.

At the time of writing, BTC price is

$16,220.21 USD.