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

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.

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