Wu said that according to Arkham monitoring, Genesis Trading transferred 600 BTC to Coinbase at 21:49 UTC+8 today, worth about 37.72 million US dollars. Genesis Trading has transferred more than 12,000 BTC to Coinbase in the past month, and it is suspected that it is executing bankruptcy liquidation procedures. Currently, Genesis Trading also holds assets worth about 2.43 billion US dollars, including 32.256k BTC and 113.604k ETH.