Golden Finance reported that according to monitoring by on-chain analyst @ai_9684xtpa, the multi-signature address starting with 0xe36 transferred 220 million BGB to the black hole address for destruction one hour ago, worth approximately US$1.4 billion. Tracing the source of funds forward is the Bitget token deployment address. Bitget has destroyed a total of 800 million BGB through 5 multi-signature addresses in the past hour, worth approximately US$5.2 billion. Bitget announced a new white paper 3 days ago, which will destroy 800 million BGB for the first time, accounting for 40% of the total supply.