Coinbase Institutional Account Transfers 679 BTC to Anonymous Wallet

A claim has emerged that 679 Bitcoin (BTC) was transferred from a Coinbase institutional account to an anonymous wallet. The transfer amount is valued at $51,831,271, equivalent to approximately KRW 71 billion based on the July 17 exchange rate of 1,370 won per dollar. Whale Alert's X account posted on July 17 that the Bitcoin moved from a Coinbase institutional account to an unverified wallet. The purpose of the transfer and the owner of the anonymous wallet remain undisclosed.