🚨 **Major ARB Withdrawal Alert** 🚨

Following Cointelegraph's incorrect reporting about Bitcoin spot ETF approval, about 20.2 million ARB (valued around $16.3 million) was moved from Coinbase to four undisclosed addresses, as per SpotOnChain's data.

Details:

- The deposit of roughly 20 million ARB (approx. $16.24 million) is believed to be by Arbitrum developer OffChain Labs to Coinbase 19 hours prior.

- Funds were relocated to four 'whale' addresses within one to two hours of the deposit.

Keep an eye out for further developments! 📊

#Arbitrum #Coinbase #CryptoMoves #SpotOnChain