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Crypto

Ceffu Unleashes $264M in BTC and ETH Withdrawals on Binance

Guavy AI Editorial Team
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Crypto custody and liquidity provider Ceffu made significant moves on Binance within a short timeframe. The company first deposited 136.54 million USDC into the exchange, before quickly withdrawing $264 million in Bitcoin (BTC) and Ethereum (ETH).

The transactions saw Ceffu remove approximately 59,484 ETH valued at $145.92 million and 1,524 BTC worth $117.89 million from Binance. These withdrawals occurred within a period of 30 minutes.

Ceffu's actions came as both cryptocurrencies were experiencing an uptick in price, with Bitcoin trading at $77,678 (up 1.2% over the previous 24 hours) and Ethereum at $2,473 (gaining 1.9%).

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