Clarification on Binance's Cross-Chain Transfers
According to @EmberCN, there is a common misconception that Arbitrum is transferring ETH to Binance. In reality, Binance is conducting cross-chain transfers from Arbitrum to Ethereum. The address 0xE69...Abb is frequently used by Binance for cross-chain operations involving assets like MATIC, ETH, USDC, and STG.
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@EmberCNAnalyst about On-chain Analysis