COINOTAG News reported on October 5 that, according to OnchainLens on-chain monitoring, a newly created wallet executed a withdrawal of 250 BTC (Bitcoin) from Binance, valued at approximately $30.8 million at the time of transfer. On-chain explorers confirm the transaction originated from Binance-controlled custody and settled to the receiving address bc1qejp44e66zfyj0chzz93cr6rs2pj5pwlegre5ra. Compliance teams and market analysts monitor such large withdrawals for liquidity and custody implications; the movement was recorded in public ledgers without indication of the counterparty’s identity. This concise, verifiable on-chain observation provides actionable transparency for traders and institutional risk managers tracking exchange outflows.
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