| Time | Details |
|---|---|
| 2024-07-26 13:06 |
Genesis Trading's Bankruptcy and Asset Holdings
According to @jayejone, Genesis Trading, a major crypto firm established in 2013, filed for bankruptcy in January 2023 following the collapse of FTX. Despite this, the firm still holds significant reserves of Bitcoin and Ethereum. Insights into Genesis Trading's strategic decisions are provided by @intotheblock. (Source) |
| 2024-07-26 11:38 |
Genesis Trading Holds Significant Bitcoin Reserves Despite Bankruptcy
According to @intotheblock, despite filing for bankruptcy in January 2023 following the collapse of FTX, Genesis Trading still holds substantial Bitcoin reserves. They currently possess 32,256.47 BTC, which is valued at approximately $2.15 billion. This information is crucial for traders monitoring the influence of large holders on the Bitcoin market. (Source) |
| 2024-08-02 14:54 |
Genesis Trading Transfers Large Amounts of BTC and ETH Amid Potential Bankruptcy
According to @lookonchain, Genesis Trading has transferred 32,256 BTC (worth $2.12 billion) and 256,775 ETH (worth $838 million) to multiple addresses over the past three days. This activity suggests that the firm may be undergoing bankruptcy proceedings to repay its debts. Additionally, Genesis Trading moved 13,291 BTC (worth $830.7 million) to Coinbase between June 12 and July 15. (Source) |
| 2024-08-19 13:28 |
Massive Bitcoin Loss Reported by Potential Victim
According to @lookonchain, a potential victim reportedly lost 4,064 BTC (valued at $238.7 million) in a single transfer. Notably, 642.4 BTC ($37.73 million) of this amount was received from the Genesis Trading Bankruptcy Distributions wallet on August 2, and 2,173 BTC ($127.6 million) was received from Genesis Trading two years ago. This incident highlights the risks associated with large-scale Bitcoin transfers. (Source) |
| 2024-12-15 20:42 |
MtGox Bankruptcy Filing in 2014 Highlighted
According to BitMEX Research, in February 2014, the cryptocurrency exchange MtGox filed for bankruptcy in Tokyo. This event marked a significant moment in the history of cryptocurrency trading, as MtGox was one of the largest Bitcoin exchanges at the time. The bankruptcy filing followed the loss of approximately 850,000 bitcoins, which had a substantial impact on the market and investor confidence. (Source) |