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Hut 8 Funnels $161 Million in Bitcoin to Exchanges

News.Bitcoin.com
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Hut 8 Funnels $161 Million in Bitcoin to Exchanges

A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets. From there, the coins hopped to a single intermediary address […]

Key Takeaways

  1. A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday.
  2. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets.
  3. From there, the coins hopped to a single intermediary address […]
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.