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Binance transfers USDT worth $8 million to new cold wallet after recent hack

Ledger Nano S - The secure hardware wallet

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On April 09, 2019, 12:35 UTC, Binance transferred a total of 8 million Tethers [USDT] to their new cold wallet. Binance’s recent hack cost the exchange 7000 BTCs worth $40 million.

CZ tweeted,

He added,

“Sorry, this tweet went out a few minutes late as someone came to talk to me and interrupted me. You can see there is also a tx back to hot wallet.”

The transfer took place from 0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be to 0x1c0eace770a15d160a4c217bb69653d3a6db4239. The sender has a balance of 119 million USDT at press time, while the receiver had a total balance of 8 million USDT.

The recent Binance hack led to the loss of 7,000 BTC worth approximately $40 million. Deposit and withdrawal services on the exchange have since been stopped. CZ’s reorg idea for recovering the lost funds created quite a lot of pushback from the community, even after CZ announced that Binance wouldn’t consider it.

Additionally, Binance also announced that they would be adding a margin trading feature on the exchange soon. The exchange is looking for veteran traders to test the bugs using the new feature.

A Twitter user, @cryptoBlueMoon, commented,

“Trying to pull some shady s*it on the blockchain

everything is being recorded you criminals! Everyone will find out soon tether criminals!”

The post Binance transfers USDT worth $8 million to new cold wallet after recent hack appeared first on AMBCrypto.


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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO , and should not be attributed to, CriptomonedaseICO .


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