Binance Moves $840,000 of $ETH ?

A wallet associated with Binance caused a 1,900% increase in Ethereum transaction fees after moving over $840,000 of ETH in 24 hours. The wallet received ETH from wallets that had not been used for almost three years in a short span of time. Binance addressed users' concerns on social media, pointing out that these transactions were part of a routine consolidation of its assets into a specific wallet. The event has propelled the Binance 14 wallet to the list of the top 50 contributors to gas fees, intensifying the debate and skepticism surrounding Binance's operations. The transactions come shortly after an ICO participant moved a whopping 6,000 ETH, worth nearly $10 million, to popular cryptocurrency trading platform Kraken.