Suspected BitMine-Linked Wallets Withdraw 35,138 ETH From BitGo, Kraken
Suehyeon Lee
Summary
- OnchainLens said two newly created wallets withdrew a total of 35,138 ETH from BitGo and Kraken.
- The withdrawn tokens were worth about $58.39 million.
- OnchainLens said the wallets were likely linked to BitMine, and that the outflows were generally interpreted as a sign of accumulation for long-term holding.
Forecast Trend Report by Period
Two newly created wallets believed to be linked to BitMine have withdrawn a large amount of Ether.
OnchainLens said on June 23 that the wallets withdrew a combined 35,138 ETH from custodian BitGo and cryptocurrency exchange Kraken. The tokens were worth about $58.39 million.
The analytics platform said the addresses were highly likely to be associated with BitMine. The transfers moved assets from an exchange and a custodian to private wallets, a pattern generally interpreted as accumulation for long-term holding.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
