Genesis Trading Possibly Liquidating Assets to Repay Creditors
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According to EmberCN, Genesis Trading may be liquidating assets to repay creditors. Three days ago, Genesis Trading transferred BTC and ETH worth $2.591 billion to an intermediary address. These assets have started to be distributed to multiple addresses tonight, including some CEX deposit addresses. This activity suggests that Genesis Trading might be in the process of settling debts with creditors.
Source余烬
@EmberCNAnalyst about On-chain Analysis