Massive Bitcoin Loss Reported by Potential Victim

8/19/2024 1:28:26 PM

According to @lookonchain, a potential victim reportedly lost 4,064 BTC (valued at $238.7 million) in a single transfer. Notably, 642.4 BTC ($37.73 million) of this amount was received from the Genesis Trading Bankruptcy Distributions wallet on August 2, and 2,173 BTC ($127.6 million) was received from Genesis Trading two years ago. This incident highlights the risks associated with large-scale Bitcoin transfers. (Source)

Bitcoin BTC transfer Genesis Trading bankruptcy

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