Data: Genesis Trading transferred a total of 32,256 BTC and over 256,000 ETH to multiple addresses in the past 3 days

ChainCatcher news, according to Lookonchain monitoring, Genesis Trading has transferred a total of 32,256 BTC (2.12 billion USD) and 256,775 ETH (838 million USD) to multiple addresses over the past 3 days, possibly undergoing bankruptcy proceedings to repay debts.

ChainCatcher previously reported that, according to Solid Intel, the Genesis wallet transferred approximately 14,000 BTC (900 million USD) and 156,000 ETH (480 million USD) through intermediary addresses 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 there are only 229 ETH (worth 720,000 USD) and BTC worth about 10 million USD.

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.