Genesis Trading has transferred 12,600 BTC ($719.9M) to Coinbase, possibly for asset liquidations. Resent settlement with NY requires $2B repayment, impacting Genesis’ financial strategy. The BTC transfer suggests Genesis aims to fulfill legal obligations, reassure investors promptly. Over the past month, a wallet associated with Genesis Trading has transferred over 12,600 Bitcoin (BTC) totaling approximately […]
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Genesis Trading has moved 12.6k BTC to Coinbase, signaling start of asset liquidations