A German government agency appears to have transferred $425 million in bitcoin to another wallet, returning some to the original wallet and sending a portion to crypto exchange deposit wallets.
Transactional data shows deposits worth $32 million each to Kraken and Bitstamp, which may indicate intentions to sell.to another wallet address, Arkham data appears to show, sending some on to crypto exchange deposit wallets and returning some to the starting point. The wallet address, previously identified as belonging to the German Federal Criminal Police Office by Arkham, moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself. Transactional data shows that a tranche of $32 million worth of bitcoin was deposited on crypto exchange Kraken and a similar amount on Bitstamp.