Binance transfers USDT worth $8 million to new cold wallet after recent hack
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.
Again, we will be moving some ERC20 USDT to a new cold wallet. No need to FUD. Funds are #SAFU. https://t.co/KKEIHt0Mwu
— CZ Binance (@cz_binance) May 9, 2019
“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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