🚨 Breaking News: Genesis Moves $1.5B in $BTC and Ether for Creditor Repayments Amid Bankruptcy 💸🔒

In a significant development, Genesis Trading, the crypto lender owned by Digital Currency Group, has transferred a whopping $1.5 billion worth of #Bitcoin and Ether to multiple addresses in the past 3 days. This massive movement of funds is likely part of their ongoing bankruptcy proceedings, as they seek to repay creditors following a turbulent period in 2022. 💰📉

🔍 Between June 12 and July 15, Genesis Trading transferred 13,291 BTC ($830.7M) to Coinbase, coinciding with a sharp 18% drop in Bitcoin's price from $68K to $55.8K! 📉💸

💡 On Friday, wallets linked with #Genesis Trading moved over 16,000 BTC ($1.1 billion) and 166,000 $ETH ($521 million), signaling the start of creditor repayments. 💪💰

Stay tuned for more updates on this developing story. 👀