Four New Wallets Withdraw $186.34 Million in Bitcoin From BitGo and Binance

Four newly created wallets withdrew 2,491.86 Bitcoin (BTC), valued at about $186.34 million, from BitGo and Binance by early Nov. 10, moving the funds into new addresses.

One wallet, identified as bc1qga...ysrjy, withdrew 1,489 BTC worth about $111.34 million from BitGo. Three other new wallets withdrew a combined 1,002.86 BTC worth about $75 million from Binance during the 24 hours before approximately 1:10 a.m. ET (06:10 UTC) Nov. 10.

The BitGo withdrawal accounted for more BTC than the three Binance withdrawals combined. The wallet addresses identify where the BTC went, but do not establish who controls them or whether the withdrawals were connected.