Someone just moved a lot of Zcash off Binance. A newly created wallet starting with the identifier t3TFwP withdrew 11,827 ZEC, worth approximately $7.96M, from the exchange in one transaction.
A pattern of large ZEC withdrawals
This isn’t the first time a freshly minted wallet has siphoned a significant chunk of Zcash from Binance in recent weeks. Another newly created wallet previously withdrew 15,333 ZEC, valued at roughly $4M at the time of that transaction, from the same exchange.
There’s also been a separate $3.12M ZEC withdrawal to yet another fresh wallet. Three large withdrawals, three brand-new wallets, one exchange.
And it’s not just Zcash seeing this kind of activity. A separate new wallet pulled 676.72 BTC, worth approximately $55.1M, from Binance as well.
