647 Bitcoin Moves From Coinbase Institutional to Unidentified Wallet

Bitcoin (BTC) worth about $51.7 million moved from Coinbase Institutional to an unidentified wallet in a 647 BTC transfer, the latest large movement involving the platform. The receiving wallet has no named owner in the transaction details. Its designation does not identify who controls the address or why the Bitcoin moved. On Oct. 20, a separate 633 BTC transfer valued at $51.7 million moved from Coinbase Institutional to an unknown wallet at 8:53 a.m. ET (12:53 UTC). That transfer was one of five large crypto moves totaling $957.6 million. Of that total, $120.8 million moved from exchanges to unidentified wallets. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.