On Wednesday night, Whale Alert, a twitter handle which is known for tracking the activities on the crypto wallet, reported that a total of 98,776,172 Binance Coin (BNB) were moved out to an “unknown wallet.”
While the transactions, which were mainly ERC-20 token transfers, seemed normal at first, as the social media channel continued to tweet incessantly, it became apparent that something was fishy.
Following the transfers of the millions of dollars in ZRX, WTC, and BNT, it was reported by the crypto wallet that over 98,700,100 Binance Coin was transferred out of Binance to an ‘unknown wallet’.
However, these bizarre event has got everyone’s attention, first of all, that is a lot of money and secondly, it is nearly the circulating supply of the cryptocurrency.
When a Twitter user confronted Binance’s CEO, Changpeng Zhao about the matter, he confirmed that all funds are SAFU by giving a link to his previous tweet that informed about Binance’s plan to move some funds between their cold wallets.
Stating further that there’s nothing to worry about and no need to spread FUD.