Genesis Trading has moved 12.6k BTC to Coinbase, signaling start of asset liquidations

Genesis Trading has transferred 12,600 BTC ($719.9M) to Coinbase, possibly for asset liquidations. Resent settlement with NY requires $2B repayment, impacting Genesis’ financial strategy. The BTC transfer suggests Genesis aims to fulfill legal obligations, reassure investors promptly. Over the past month, a wallet associated with Genesis Trading has transferred over 12,600 Bitcoin (BTC)... source: https://coinjournal.net/news/genesis-trading-has-moved-12-6k-btc-to-coinbase-signaling-start-of-asset-liquidations/