Over the past 24 hours, crypto dealers have drawn $ 175 million of Bitcoin, Ethereum and XRP out of the Bitfinex encryption swap.
Whale Watchers tracks a number of crypt transfers from the exchange to unknown wallets following a series of charges imposed on Bitfinex and Tether by New York's lawyer Letitia James. The largest single transfer so far is a total of 13,377 BTC worth over $ 70 million out of exchange in a single transfer.
̵1; Whale Alert (@whale_alert) April 26, 2019
Here you look at all whale walks from the exchange over the last 24 hours.
- 1,580 BTC worth $ 8.2 million transferred from Bitfinex to unknown wallet
- 13,377 BTC worth $ 70,300 transferred from Bitfinex to unknown wallet
- 3,999 BTC worth $ 20.6 transferred from Bitfinex to unknown wallet
- 14,666 ETH worth $ 2.2 million transferred from Bitfinex to unknown wallet
- 14,318 ETH worth $ 2.2 million transferred from Bitfinex to unknown wallet
- 123.687 ETH worth $ 19.0 million transferred from Bitfinex to unknown wallet  121496 ETH worth $ 18.7 million transferred from Bitfinex to unknown wallet
- 187,253 ETH worth $ 28.8 million transferred from Bitfinex to unknown wallet
- 25,444 ETH worth $ 3.9 million transferred from Bitfinex to unknown wallet  7,137,903 XRP worth $ 2.0 million transferred from Bitfinex to unknown wallet
According to a 23-page report published by Advocate James Bitfinex lost access to 850 million r dollar, held by a payment processor in Panama. Instead of notifying the public of the problem, Bitfinex has allegedly used cash deposits that support stablecoin Tether to satisfy customers who attempted to withdraw from the exchange.
The report says that Bitfinex executives panic when the company could not withdraw money from a company called Crypto Capital, with a manager who told external payment partner that the problem could have a dramatic impact on the crypto market at large.
"Please understand all this can be extremely dangerous for everyone, the entire crypto environment. BTC can tank below 1k if we do not act quickly."
Tether has strongly denied any charges from NYAG. In a statement, the company says the report is "riddled with false claims."
"The New York Attorney General's court cases were written in bad faith and have been falsely filed, including as an alleged $ 850 million loss" at Crypto Capital.
On the contrary, we have been informed that these Crypto Capital amounts are not lost but actually seized and secured. We are and have actively worked to exercise our rights and remedies, and have these funds released. "
NYAG requires Bitfinex and Tether stop operations in New York. None of the companies has a BitLicense to operate in the state.
While representatives of Tether and Bitfinex say the companies are separate entities, reports claim that Bitfinex officials Philip Potter and Giancarlo Devasini established Tether Holdings Limited in British Virgin Islands in 2014.
Join Telegram Follow us on Twitter
See the latest headlines