60,000 ETH deposited into Binance L2 funds transferred back to L1 for cross-chain asset management

BlockBeats reported that 8 hours ago on September 1, a wallet deposited 60,000 ETH (about $150.33 million) into Binance. @ai_9684xtpa analyzed that the large transfer was from Arbitrum’s cross-chain back to the ETH mainnet, and recharged back to the Binance hot wallet.

Binance is only transferring cross-chain assets, which is part of its fund management process.