New Crypto Wallet Withdraws Over $12 Million in ETH, BNB, and USDT

New Crypto Wallet Withdraws Over $12 Million in ETH, BNB, and USDT

Onchain data shows large withdrawals from Binance and Bybit, with combined BTC moves now exceeding $231 million, reflecting heightened activity across major crypto assets.

BTC
ETH
USDT

Fact Check
The assessment is based on strong, consistent, and highly relevant evidence from multiple sources. Two primary sources, a news feed from the CoinEx crypto exchange and a news report from the BingX crypto exchange, directly and independently corroborate the key details of the statement. Both sources confirm that a new wallet/address executed withdrawals valued at or exceeding $12 million, and both specify that the withdrawn assets included Ethereum (ETH), Binance Coin (BNB), and Tether (USDT). The high relevance (1.00) and authority (0.80) of these sources lend significant weight to their reports. The Arkham source, a reputable blockchain analytics platform, further supports the plausibility and verifiability of such on-chain events, even though the specific link doesn't detail this transaction. The remaining sources are irrelevant to the claim. They mention the figure "$12 million" or the cryptocurrencies in completely unrelated contexts, such as a frozen asset case, a stock buyback, a marketing campaign, or project financing. These are coincidental keyword matches and provide no evidence for or against the statement. Since there is no conflicting evidence and two independent, authoritative sources directly support the claim, the statement is assessed as 'likely_true' with high confidence.
Summary

A newly created wallet recently withdrew 40,975 ETH worth $121.05 million from Binance, depositing it into Aave V3 before borrowing 63 million USDT. Previously, the same wallet moved $12.02 million in ETH, BNB, and USDT from Binance and Bybit. On December 29, blockchain monitoring revealed a new wallet withdrew 1,000 BTC valued at $87.3 million from Binance, bringing combined BTC withdrawals from new wallets today to 2,600 BTC, worth $231 million. These large transfers underline significant asset shifts from centralized exchanges to other destinations, including DeFi platforms.

Terms & Concepts
  • ETH (Ether): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contracts.
  • USDT (Tether): A stablecoin pegged to the value of the U.S. dollar, widely used for crypto trading and transfers.
  • Aave V3: The third version of the Aave protocol, a decentralized lending and borrowing platform on blockchain networks.