RATE Group | Massive $633 Million Bitcoin (BTC) Transaction Triggers Crypto Whale Alert
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Massive $633 Million Bitcoin (BTC) Transaction Triggers Crypto Whale Alert

02 Apr Massive $633 Million Bitcoin (BTC) Transaction Triggers Crypto Whale Alert

Posted at 00:20h in Cryptocurrency News by

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A massive move of more than half a billion dollars in Bitcoin (BTC) is causing a stir among cryptocurrency traders.

The transaction was reported by the crypto tracker Whale Alert, triggering speculation about the identity of the crypto holders and why they’re moving the funds.

After tracing the transaction, Whale Alert indicates that the movement is connected an internal transfer from the crypto custody giant Xapo.

Xapo is known for its off-the-grid secret bunkers that store millions in Bitcoin across five continents, including in the Swiss Alps, on behalf of its clients. A report from Bloomberg found that it takes about two days for clients to retrieve their ultra secure BTC in a process that includes fingerprint scanning and devices that…

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