According to the blockchain tracker, 5,729 BTC were withdrawn from the platform at one time, which in terms of asset value reaches $150 million. All five transactions were included in a single block 804522.
According to Whale Alert experts, moving such a significant amount of bitcoins usually indicates a VTS kit’s intention to conduct a large transaction, or withdraw assets from the exchange for security purposes.
A single withdrawal of a large amount at once could signal to market participants that the funds are linked to illegal activity. The reason: criminals fear being blocked by law enforcement and regulatory agencies, which may initiate an investigation into the origin of funds in the accounts of cryptocurrency marketplace users.
Earlier, the U.S. Federal Bureau of Investigation revealed the
a potential link between six bitcoin wallets with a combined balance of about 1,580 VTS and Lazarus Group hackers and warned the crypto community of a likely attempt to sell them.