Are there Masked Transactions on Binance Exchange?

It attracted attention after a huge transaction of $ 2 billion, which took place at the relevant addresses on the leading cryptocurrency exchange Binance network. The transaction in the stock market surprised both experienced and novice investors. As Kriptokoin.com, we inform you about the developments in the cryptocurrency exchange.

The transaction from the address on the Binance network is surprising

Binance soon made a statement that the transaction was part of the exchange’s audit. However, investors have not calmed down yet after the transaction. Even venture capital-level investors seem to have begun to dig into the details. Mira Christanto, manager and venture capital investor of the $7 billion TradFi equity fund, said in a statement.

According to Christanto, the methodology used by most auditors is not part of this audit. It also does not involve signing and executing any transaction. On her Twitter account, Mira Christanto said:

I’m a fan of Binance, but the auditors would never ask you to move $2 billion. They will be there physically and will ask you to “sign a message” using the private key of the addresses holding the funds. There is no obligation to carry any money.

Previously, Binance representatives did not provide information about the company that conducted the audit. It is also stated that he did not comment much on the subject. As a result, it is stated that the lack of transparency causes more disruption in the sector.

Mira Christanto explains that using private keys requires a signature

In addition, Christanto says that the auditor will be physically present. Additionally, he says he will ask exchange representatives to sign a message using their private keys from the addresses holding the funds. Consequently, it is stated that the requirement to carry funds is unusual. It is among those reported that there is no such practice among the auditors. Investors, on the other hand, share that they were surprised after the transactions.

According to the information conveyed, UTXO criminal Auditors did not request Binance to move $2 billion for any reason. However, it is reported that some blockchain-based transactions take place within the stock market. It is said that such a large transaction volume sends the entire balance to another address. It is stated that it is the result of a UTXO transaction scheme that then subtracts the amount sent and then returns it.

Technically speaking, it was reported that the incident occurred in one of the wallets of the cryptocurrency exchange Binance. As mentioned, it may have transferred or signed some type of transaction, which is a blockchain transaction. Due to UTXO, it was said that the wallet address transferred the entire balance, and then it was returned to the exchange’s address. Investors are wondering when a detailed statement on the subject will be made.