According to Onchain Lens, newly created wallets withdrew 650 Bitcoin and 5,000 ZEC from Binance in sizable transfers that may reflect custody changes, though the owners and purposes were not disclosed.
Onchain Lens reported two large withdrawals from Binance to newly created wallets: 650 Bitcoin worth $50.3 million and 5,000 ZEC worth $3.37 million, with Odaily citing the ZEC transfer. The Bitcoin destination wallet was said to have been created about three weeks earlier, while the ZEC transfer was described as going to a newly created wallet. Such exchange outflows are commonly monitored because they can indicate assets moving into self-custody or other custody changes, but the reports did not identify the wallet owners or confirm the reasons for either transfer.