Ceffu Pulls $263 Million in Bitcoin and Ethereum off Binance in 30 Minutes

Crypto Insight Summary: Ceffu, Binance’s institutional custody partner, deposited 136.54 million USDC onto Binance and then withdrew 1,524 BTC and 59,484 ETH worth a combined $263.8 million in a single 30-minute window on Aug. 24. A Familiar Custody Pattern Repeats Onchain sleuths reported that Ceffu deposited 136.54 million USDC into Binance before pulling 1,524 BTC (worth $117.89 million) […] Crypto Insight Analysis: Direction: Bearish BNB Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Large withdrawal by institutional custody partner may signal reduced trust in Binance.