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Binance transfers approximately 21,750 BTC from cold wallet to hot wallet, possibly to cover user losses.

BlockBeats news, November 2nd, according to Onchain Lens monitoring, Binance transferred approximately 21,750 bitcoins (BTC) from cold wallets to hot wallets, valued at about $1.69 billion. This fund transfer may be related to the platform's preparation to compensate for user losses, but the specific purpose has not yet been officially confirmed.

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Binance transfers approximately 21,750 BTC from cold wallet to hot wallet, possibly to cover user losses.

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