Binance wallet spends almost $1M in ETH gas fees in one day

The spike in gas rates was attributed to a wallet belonging to Binance called “Binance 14,” which spent almost $1 million on ETH network gas rates. 30-day gas usage chart for the Binance crypto wallet. Binance supposedly said that they were doing their wallet aggregation process when the gas costs were low to make sure the security of user funds.

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