Wallet linked to Bhutan deposits $28M in BTC to Binance

A wallet linked to the Kingdom of Bhutan became active again after a month and deposited 434.86 BTC, worth about $27.96 million, to Binance over the past five hours. On-chain analytics platform Arkham labeled the Binance deposit address as one likely owned by Bhutan’s royal government, and the address had previously transacted with wallets linked to the Bhutanese government.