RATE Group | Bitfinex Moves $1B in Bitcoin for 48 Cents
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Bitfinex Moves $1B in Bitcoin for 48 Cents

16 Jan Bitfinex Moves $1B in Bitcoin for 48 Cents

Posted at 17:26h in Bitcoin News by

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The origin and destination of the funds at first remained unknown. 

The transaction followed fresh developments in the court case involving Craig Wright, the Australian computer scientist who claims to be Bitcoin inventor, Satoshi Nakamoto. 

As Cointelegraph reported, Wright now says he can prove ownership of 1 million BTC ($8.6 billion). Available evidence nonetheless suggests he has only divulged publicly available information and has not proven ownership of the given private keys.

Against a backdrop of uncertainty surrounding Wright, fears were already palpable about a major selloff impacting the Bitcoin price. 

A fake tweet from Whale Alert purportedly showing a mass movement of 1 million BTC began circulating online shortly after Wright’s claims.

Fake Whale Alert tweet warning over a 1 million BTC transaction

Fake Whale Alert tweet warning over a 1 million BTC transaction. Source: Telegram

Commentators thus paid significant attention to the $1 billion transactions, with Whale Alert’s tweet receiving almost 1,000 retweets in under 12…

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