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Bitcoin Transfers Send $1.40 Billion to Unidentified Wallets in Three Hours

Nine transfers totaled $1.74 billion through 5:04 a.m. ET Tuesday, Oct. 27. Binance made the largest move, sending 6,325 BTC to an unidentified wallet.

Updated 1 min read
An unidentified staffer checks a device outside a cryptocurrency office in San Francisco / EconoTimes.ai
An unidentified staffer checks a device outside a cryptocurrency office in San Francisco / EconoTimes.ai

Unidentified wallets received $1.40 billion in Bitcoin (BTC) across seven transfers, while a nine-move tally reached $1.74 billion over three hours through 5:04 a.m. ET Tuesday, Oct. 27.

The other two transfers brought $339.3 million to Coinbase Institutional from unidentified wallets. Binance accounted for the two largest moves to unidentified addresses: at 4:59 a.m. ET, an unidentified wallet received 6,325 BTC valued at $504.2 million. Fourteen minutes earlier, another unidentified wallet received 5,000 BTC worth $398.8 million from Binance.

Coinbase Institutional received two transfers from unidentified wallets at 4:13 a.m. ET. One carried 2,249 BTC valued at $179.6 million, and the other 1,999 BTC valued at $159.7 million.

Five other transfers to unidentified wallets completed the seven-move outbound total. Binance sent 2,249 BTC ($179.4 million) at 3:43 a.m. ET and 1,999 BTC ($159.3 million) at 3:58 a.m. ET. Coinbase Institutional sent 647 BTC ($51.7 million) at 4:13 a.m. ET, 682 BTC ($54.5 million) at 4:28 a.m. ET and 648 BTC ($51.7 million) at 4:45 a.m. ET.

A separate Oct. 26 tally of eight crypto transfers was valued at $815.9 million. An 85,887 Ether (ETH) transfer worth $200.6 million led that group.

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