Bitfinex CTO: Large change of 120,000 BTC is indeed an internal address move of the exchange

Whale Alert monitoring data showed that at 7:03 Beijing time, about 123,447 BTCs were transferred from Bitfinex (address starting with 382dVUe4i) to unknown address (starting with 38nvB8P9QX), with a value of about $ 1.097 billion. Bitfinex CTO Paolo Ardoino retweeted the tweet and said: "This is actually a 1500 BTC hot wallet reaching the stored value limit and the address movement caused by it. Whale Alert should improve the alert on such transactions."