- 640K ETH had been transferred off Bitfinex 2 by an ETH whale.
- The transfer indicates the whale’s strategy to escape from the risk of crypto theft.
- Bitfinex’s 40 public wallets still hold more than 2 million ETH, suggesting the increase in non-zero addresses.
Data from ETH blockchain explorer Etherscan shows that 640K ETH had been transferred from Bitfinex 2, a crypto exchange, owned and operated by iFinex Inc. An Ethereum whale transferred the amount that is worth more than 25 million. However, It is also noteworthy that 40 public wallets of Bitfinex still hold 2.1 million ETH.
Usually, whales transfer their currencies from an exchange if they plan to hold their earnings for a longer period. Such a strategy is adopted by the whales as a precaution to avoid the possibility of theft when the exchange wallets with large amounts of money are threatened by crypto hackers.
Currently, the address that transferred the huge amount of currency has been identified. As per the records, the address is 0x14bbf6493b7923284e4957fa4de9 ...
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