According to Wu, Genesis Trading: Bankruptcy Distributions transferred 169.549 BTC to Galaxy Digital between 1:18 and 1:34 UTC+8 today, worth approximately $10.09 million, suspected to be an OTC transaction.

In addition, Genesis Trading transferred a total of 145.612 BTC and 10,743.5 ETH, worth approximately $36.54 million, to multiple unmarked addresses.