A multi-signature address starting with 0xe36 transferred 220 million BGB to a black hole address for destruction 1 hour ago, worth approximately 1.4 billion dollars.

According to Foresight News, on-chain analyst @ai_9684xtpa monitored that a multi-signature address starting with 0xe36 transferred 220 million BGB to a black hole address for destruction 1 hour ago, worth approximately 1.4 billion dollars. Tracing back the source of the funds leads to the Bitget token deployment address.

Bitget released its new white paper 3 days ago, announcing the first destruction of 800 million BGB, accounting for 40% of the total supply.