Genesis Trading's Bankruptcy Distribution Wallet Moves 5,000 ETH ($12.9M) to FalconX
4 hours ago, Wallet 0x999 (likely connected to Genesis Trading’s bankruptcy distribution wallet) transferred 5,000 ETH (worth $12.9M) to FalconX.
Key Insights:
Source of Funds:
Wallet 0x999 previously received 114,503 ETH (worth $360.1M) from Genesis Trading’s bankruptcy distribution wallet (0xc62...) on August 2, 2024.
Remaining Holdings:
The wallet currently holds a substantial 161,849 ETH (valued at $418M).
This movement could be part of the ongoing restructuring or liquidation efforts tied to Genesis Trading’s bankruptcy case. Keep an eye on further transfers for potential liquidation strategies or investor payouts.