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Hayes-Linked Wallet Involved in 8,000 Ether Movement Valued at About $19 Million

Binance, Galaxy Digital and FalconX each received 1,600 Ether (ETH), worth roughly $3.8 million per transfer.

Updated 1 min read
An editorial graphic depicts Ether moving from one wallet into three exchange-bound transfers. / EconoTimes.ai
An editorial graphic depicts Ether moving from one wallet into three exchange-bound transfers. / EconoTimes.ai

An Oct. 24 movement associated with a wallet tied to BitMEX co-founder Arthur Hayes involved 8,000 Ether (ETH), with three firms among the recipients and a valuation of about $19 million. The 8,000 ETH total describes the broader movement rather than just the three firms' reported receipts.

Transactions to Binance, Galaxy Digital and FalconX amounted to 1,600 ETH apiece, worth about $3.8 million per recipient. The reported movements name these firms as recipients but do not establish that any Ether was sold.

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