cryptocoin.com We are addressing the allegations that $2 billion Bitcoin (BTC) was hacked and we focus on the details you need to know. Reports indicate that 45,000 BTC has been moved from FTX wallets to thousands of new wallets.
Explanation on the movement of Bitcoins (BTC) in FTX
After the movement of 45,000 Bitcoins worth $2 billion, there is a huge amount of rumors and rumors swirling in the cryptocurrency circles that FTX has been hacked. Analysts constantly monitor the movement of cryptocurrencies to new wallets 24/7. What’s behind the transfers? What exactly is it? Is this a BTC hack? There is some belief among users and investors on the web that FTX has been hacked and the funds have been transferred to the account(s) associated with the black market. It is also said that only about 8,000 coins remain in FTX’s wallets. And the movement of cryptocurrencies was carried out continuously for two days without any pauses, a new wallet was created for each confirmed block.
Some crypto sources suggest that whale holdings have increased by 1,03,600 BTC over the past three weeks, excluding known bulk purchases like Microstrategy’s. However, the acquisitions did not appear to have affected the price of the coin in any extraordinary way. Meanwhile, a different segment of internet users and investors believe the move will consolidate.
What does FTX say about the movement of BTCs?
The CEO of FTX explained that withdrawal involves combining UTXOs from deposit addresses, and a few days ago they combined some UTXOs into one address to make transactions faster.
For those who don’t know, Bitcoin withdrawal processing involves combining together UTXOs from deposit addresses etc; a few days ago we consolidated some UTXOs into an address to make processing quicker.
— SBF (@SBF_FTX) September 13, 2021
The FTX CEO also mentioned that the process takes place when sending BTC withdrawals. In addition, he stated that a new different address is created for each withdrawal. It’s worth noting that FTX did something similar in March 2021. The statement looks promising for now, as we haven’t seen any notable changes in the price of the leading cryptocurrency. In summary, with the statement made by the stock market, it seems that the speculations and rumors revolving around the BTC movement have been put to an end to some extent. The FUD (if any) seems to be clear now, although it did not cause a significant impact on the BTC price.
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