Blockchain intelligence firm Arkham Intelligence reported a significant transaction involving the Matrixport-associated wallet.
According to the report, the wallet withdrew 15 million USDT stablecoins from the Binance exchange.
The funds were subsequently distributed in smaller increments totaling 5 million USDT to multiple linked cryptocurrency addresses.
Additionally, Arkham Intelligence highlighted that the same Matrixport wallet has recently withdrawn substantial cryptocurrency assets.
Specifically, the wallet removed over 50,000 Ether (ETH) from Binance in recent activity.