Cumberland-Linked Wallets Withdraw $98.8M in Ethereum from Binance, Coinbase and Copper
Two wallets associated with institutional trading firm Cumberland withdrew 46,620 ETH worth $98.8 million from centralized exchanges within 16 hours, data from Arkham and Lookonchain show. The withdrawals occurred across Binance, Coinbase, and Copper. Large exchange outflows are often viewed as movement into longer-term custody.