CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-07-14 00:22:00

Genesis Trading Wallet Transfers $720 Million in Bitcoin to Coinbase Amid Settlement and Asset Liquidation Speculations

A cryptocurrency wallet linked to Genesis Trading has transferred nearly $720 million worth of Bitcoin to Coinbase over the past month, indicating possible asset liquidations. The wallet, associated with Genesis Trading, moved over 12,600 Bitcoin, valued at around $719.9 million, in the last 30 days. These transfers mostly ranged from 500 to 700 BTC each. According to Arkham Intelligence, the wallet’s Bitcoin balance has decreased from over 46,000 BTC a month ago to 33,356 BTC as of now. These significant transfers occurred two months after Letitia James, the attorney general of New York, announced a settlement with Genesis. The agreement

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.