2024-6-27 23:00 |
Data from Arkham Intelligence indicates the Bitcoin was seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial.
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The US government moved 3,940 Bitcoin to an exchange on June 26, leading to speculation of a sell-off, according to Arkham Intelligence data. The Bitcoins in question were seized from drug trafficker Banmeet Singh and are worth roughly $240 million as of press time.
2024-6-27 23:39 | |
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Over 121,000 Celsius creditors have yet to claim their funds, according to the Celsius bankruptcy administrator.
Mt. Gox collapsed in 2014 and only recently began reimbursing injured parties in Bitcoin and Bitcoin Cash.
BTC’s price attempts to stabilize as traders warn of a possible return below Bitcoin buy support at $60,000.
One commentator argues that Bitcoin exchange balances are not a reliable yardstick for BTC price strength, while others dismiss the latest Mt. Gox fears.