Reason for $425 Million Bitcoin Transaction Revealed

Yesterday, some of them were on cryptocurrency exchanges. Approximately $425 million worth of Bitcoin (BTC) was transferred.

According to the records of blockchain analysis company Arkham, There was a government institution in Germany.

Transferred thousands of Bitcoins

Arkham in Germany Federal Criminal Police Office An address labeled as “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” 6 thousand 500 Bitcoins (BTC) transferred. These BTCs were then sent back to the original address.

According to blockchain data, approximately $32 million worth Bitcoin, to Kraken exchange sent. Again, a similar amount of Bitcoin Sent to Bitstamp was seen.

Kraken exchange has recently experienced security bug came to the fore.

Can create sales pressure

According to the statements of Arkham CEO Miguel More, this is a problem in the market. selling pressure may lead to the formation of

According to Arkham data, this wallet “to service wallets” According to More, who said that he sent Bitcoin worth $ 130 million, this means that the German police “intends to sell soon” means.

According to Arkham records, the German Federal Criminal Police Office, Movie2k.to, active in 2013 From a pirated movie site called He confiscated approximately 50 thousand Bitcoins. These Bitcoins, in January “voluntarily” was given to the German police. Values ​​at that time was more than 2 billion dollars.

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