Genesis Trading Transfers Large Amounts of BTC and ETH Amid Potential Bankruptcy

8/2/2024 2:54:21 PM

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)

ETH BTC Coinbase Genesis Trading bankruptcy

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