According to Golden Finance, a new address was created after the WBTC custody change incident and accumulated 1,605 WBTC (US$94.62 million) in three days, according to on-chain analyst Yu Jin. On August 11, BitGo said it would create a joint venture with BiTGlobal to transfer WBTC to a jurisdiction for custody. Subsequently, some protocols and institutions said they would no longer use WBTC due to potential risks. The next day (August 12), this address was created and began to withdraw a large amount of WBTC from Binance. So far, a total of 1,605 WBTC (equivalent to US$94.62 million) has been withdrawn from Binance in three days, with an average withdrawal price of US$58,920.