Data: Genesis wallet transfers approximately 14,000 BTC and 156,000 ETH through intermediary addresses

ChainCatcher news, according to Solid Intel, the Genesis wallet transferred approximately 14,000 BTC (900 million USD) and 156,000 ETH (480 million USD) through a transit address in the last hour, suspected to be executing bankruptcy liquidation procedures.

According to Arkham data, the Genesis Trading address currently holds approximately 14 million USD in crypto assets, of which only 229 ETH (worth 720,000 USD) and about 10 million USD in BTC.

It is reported that the bankrupt crypto lending company Genesis received court approval in May this year to repay its creditors with billions of dollars in digital assets and cash.