$33.4M in Bitcoin Withdrawn From Binance Amid Bhutan Link Speculation

A newly created wallet identified as “bc1qxp” has withdrawn 533 Bitcoin, valued at roughly $33.4 million, from the cryptocurrency exchange Binance about 2 hours ago.

According to blockchain analytics platform Onchain Lens, the movement may be connected to the Royal Government of Bhutan, as it appears to align with a deposit made just two days earlier. However, this link has not been officially verified.

Source: Onchain Lens