On Sept. 15, a wallet tied to BIT, formerly known as Matrixport, moved large amounts of Bitcoin and Ether involving Binance, according to on-chain tracking account Lookonchain. The address deposited 1,400 BTC to Binance, with the transfer valued at about $107.8 million. At the same time, it withdrew 10,000 ETH from the exchange, worth roughly $24.67 million. The tracked activity covered two separate assets in a single update and pointed to a sizable reshuffling of funds between the wallet and Binance. No additional reason for the transfers was disclosed in the source update.
According to Lookonchain on Sept. 15, a BIT wallet, formerly associated with Matrixport, deposited 1,400 BTC to Binance. The transfer was valued at about $107.8 million.
At the same time, the wallet withdrew 10,000 ETH from Binance, worth roughly $24.67 million.
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