Bankrupt Genesis Trading Signals Liquidation With 40k Ether Transfer Worth $126M

Quick Summary:

Genesis Trading transferred 27,500 ether to one wallet on August 2 in Asian trading hours, worth about $87.09 million.

It also moved 12,500 ether to another address, worth approximately $39.59 million, WuBlockchain posted on X.

The bankrupt company could be executing liquidation procedures.

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Article Details

Author / Journalist: Daniela Kirova

Category: CryptoTechnology

Markets: Canada

Topics: Million Risk Financial Investment News Bankless Genesis Years Writer Trading Worth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 06:48:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: banklesstimes.com

Language: English

Article Length: 1052 words

Reading Time: 6 minutes read

Sentences: 61 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bankless Times

News ID: 21895498

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About Bankless Times

Main Topics: CryptoTechnology

Official Website: banklesstimes.com

Update Frequency: 8 posts per day

Year Established: 2011

Headquarters: Canada

News Last Updated: 11 hours ago

Coverage Areas: Canada

Ownership: Independent Company

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Publisher ID: #29

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