$1.061 billion worth of crypto assets transferred out of Coinbase

According to Whale Alert, an on-chain data tracking service, $1.061 billion worth of crypto assets were transferred out of Coinbase, including:
7,080 ETH ($20,444,034) were transferred from Coinbase to an unknown wallet.
53,151,311 USDCs ($53,177,887) were transferred from Coinbase institutions to unknown wallets.
Two transfers of 7,999 BTC ($988,276,090) from Coinbase to an unknown new wallet.