Binance could've been backed, but for now it's unconfirmed.

https://preview.redd.it/d81spnpc1hyh1.png?width=1048&format=png&auto=webp&s=af990ac72859466939a1d24dfef9b04b97ffb096

https://preview.redd.it/pq1x10ii1hyh1.png?width=1726&format=png&auto=webp&s=3ac32b30a622d3c2a153fe22d47674e77f4b3a32

https://etherscan.io/address/0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c

Here's the timeline:

Binance's hot wallets sent this wallet almost 200,000 ETH (~$445M) , all within the last hour.

About 30 minutes later, it sent ~195,000 ETH somewhere else. Just like that.

The wallet is also sitting on ~$2.4 BILLION in tokens, mostly USDT and USDC.

What's still in there:

~$975M USDT

~$823M USDC

~$560M in other coins (RLUSD, staked ETH, tokenized gold, UNI, PEPE, LINK, and a bunch more)

That's nearly $1.8 BILLION in stablecoins just sitting there.

Why it moved the ETH first: Tether and Circle can freeze USDT and USDC. ETH can't be frozen.…