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Genesis transferred $2.12 billion worth of BTC and $838 million worth of ETH in the last 3 days

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2024-08-02 15:00:34
According to Lookonchain, Genesis Trading has transferred 32,256 BTC ($2.12 billion) and 256,775 ETH ($838 million) to multiple addresses in the last 3 days and may be in bankruptcy proceedings to pay off debt.
Genesis Trading transferred 13,291 BTC ($830.70 million) to Coinbase between June 12 and July 15, during which the price of BTC fell from $68,000 to $55,800, a drop of nearly 18%.
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