According to ChainCatcher, according to Ember’s monitoring, a new address was recently created after the WBTC custody change incident, and hoarded 1,605 WBTC in 3 days, worth about $94.62 million.

On August 11, BitGo announced the creation of a joint venture with BiT Global to transfer WBTC to a new jurisdiction for custody, causing some protocols and institutions to stop using WBTC due to potential risks. The next day, the address began to withdraw a large amount of WBTC from Binance, with an average cumulative withdrawal price of $58,920.