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Here’s how much Binance paid to move $1.26 billion worth of Bitcoin

Cryptocurrency exchange Binance moved a gut-wrenching $1.26 billion worth of Bitcoin today – and it paid just $124.60 in network fees for the service. The epic transfer was signaled by Binance CEO Changpang Zhao earlier this morning in a tweet. We will be moving some funds between our cold wallets. A tell tale sign of a new cold wallet on Binance is two small transfers from and BACK TO an existing wallet, then a large transaction. No need to be alarmed. Funds are #SAFU. — CZ Binance (@cz_binance) October 20, 2018 Sure enough, Twitter-based transaction monitor @whale_alert soon notified its followers…

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