Crypto exchange giant Binance has moved at least nine figures worth of its Bitcoin to a new blockchain address, the company announced on Monday. 

The move has not affected the safety of user funds, which remain locked away with Binance in cold storage. 

Massive Move From Binance’s Wallet

According to data from Blockchain.com, Binance’s new cold storage wallet (as referenced by Binance) received 15,000 BTC at 05:47 am on Monday, worth $399 million. 

The transaction included a much larger transfer of 117,000 BTC from a pre-existing Binance cold wallet address to another new address, worth over $3 billion in total. Data from Bitinfocharts reflects a total decrease of 130,000 BTC from the exchange’s cold wallet this morning.

Today, #Binance will be moving funds from our #BTC cold wallet to our new address – 1Pzaqw98PeRfyHypfqyEgg5yycJRsENrE7t.

If you see any significant movements of #BTC from our wallets today, that’s why.

Funds are SAFU.

— Binance (@binance)