Three New Wallets Withdraw 1,600 Bitcoin Worth $120 Million From Binance and BitGo

Three New Wallets Withdraw 1,600 Bitcoin Worth $120 Million From Binance and BitGo

Lookonchain states that the transfers were tracked on April 16, with the Bitcoin moved from Binance and BitGo to three newly identified wallets within five hours.

BTC

Fact Check
The strongest usable evidence in this run is the fetched PANews article, 'Three new wallets withdrew a total of 1,600 BTC, worth $120 million, in nearly 5 hours. | PANews', which explicitly states that Lookonchain monitored three newly created wallets withdrawing 1,600 BTC from Binance and BitGo over the prior 5 hours and links to the original Lookonchain post. That makes the user’s statement consistent with the available report. However, confidence is limited because the original X post at https://x.com/lookonchain/status/2044610537255047399 could not be fetched directly in this run, and the Arkham address URLs did not return address-level evidence when fetched. So the claim is supported, but not fully independently verified from primary content here.
    Reference1
Summary

No Summary provided as the original text is short

Terms & Concepts
  • Wallet: A blockchain address or application used to store, send, and receive digital assets.
  • Bitcoin: A decentralized digital currency that operates on a public blockchain network without a central issuer.
  • Blockchain transfer: A recorded movement of crypto assets between wallet addresses on a blockchain network.