The days with a bigger ETH outflow from the wallet – which all took place last year – coincided with major milestones for Genesis. Here are the bigger days for the wallet, which has an address beginning with 0xd62:
Last week’s bankruptcy filing by Genesis Global Capital, the lending business, raised doubts about its future, but the movement of money suggests its related entity, trading firm Genesis Global Trading, continues to operate.
The OTC desk wallet continues to transact on the Ethereum blockchain as Genesis’ bankruptcy unfolds. Since Jan. 21, the wallet has sent out 24,000 ETH, worth some $39 million, and received $92 million in USDC and USDT, as of press time.
Genesis did not return a request for comment.
This article has been originally published at: https://www.coindesk.com/business/2023/01/23/a-dive-into-0xd62-a-genesis-otc-wallet-thats-moving-money/