According to on-chain analyst Ember Monitor, a new address was created and hoarded 1605 WBTC ($94.62 million) in 3 days after the WBTC custody change. On August 11, BitGo announced that it would create a joint venture with BiTGlobal to transfer WBTC to the jurisdiction for custody. Subsequently, some agreements and institutions said that they would no longer use WBTC due to latent risks. The next day (8/12) this address was created and began to withdraw a large amount of WBTC from Binance. So far, 1605 WBTC have been withdrawn from Binance in 3 days, with an average withdrawal price of 58,920 US dollars.