🔔 Big Transfer from Genesis Trading!
According to Arkham's data, the address marked "Genesis Trading" transferred a total of 12,000 BTC (worth approximately $760 million) to Coinbase over the past month. These transfers are thought to be part of bankruptcy liquidation processes. Genesis currently holds approximately 33,000 BTC (worth $1.9 billion). In May this year, it was confirmed that Genesis Global had received permission to liquidate and distribute its assets in accordance with its bankruptcy restructuring plan.
