Collecting China's massive onchain transfers, Cold Wallets move $ 3 billion in Bitcoin and 800,000 ether-

According to the recent statements of the Chinese central bank, cryptocurrencies and offshore crypto bonds have flowed on huge amounts of money. On September 26th at approx. 1:00 a.m. (UTC) 72.999 Btc or 3.1 billion in bitcoin distributed.

Huobi gradually retires from the mainland China, 800,000 ether changes from Huobi to an unknown wallet

AM BARITURE OF CRYPTOGENTIONS is known that massive cryptotransfers have been recorded on offshore exchanges near China in the past few days. For example the author of TheblockCrypto.com, Wolfie Zhao revealed on September 25 target = "_ blank" href = "https://news.bitcoin.com/chinas-crypto crackdown-fundamens-still-bull-market-continuation-bobby-lee-says-dont-panic/" noopener "> picked up" a few retail users and the action had been scared " extended to the OTC markets.

Zhaos report shows a screenshot of "OTC dealer offers for usdt against the Chinese yuan on huobi." According to Zhaos report, Huobi detailed on Sunday that the crypto exchange "gradually on the Chinese mainland would withdraw ".

In the meantime, a lot of money was postponed and some of the crypto wallets were identified as supposedly belonging to Huobi. For example, on September 26, around 800,000 ether worth $ 2.4 billion were transferred "by Huobi to" unknown wallet.

The massive etherransfers were sent in 100,000 ETH transactions . There are a number of transfers from A some thousand ETH from Huobi to unknown wallets.

3.1 billion US dollars scattered in Bitcoin, a wallet marked as possible Huobi Cold Storage

Onchain campaign from Bitcoin ( btc ) Network saw at least 72.999 btc or 3.1 billion US dollars to Bitcoin, which were transferred on September 26. The Bitcoin movements came from two large wallets, one of which may be classified as the Huobi cold storage wallet. While the count 72,999. displayed btc indicates that the total amount that the wallet "1NJH" received at least at the time of writing is 104.999 is btc in sum.

records of oxt.me indicate that at least a des two BTC addresses , was marked twice as possible Huobi-Kühlhaus wallet. In addition, the movement was discovered by the parser software developed btcparser.com Sand.

"Today our second parser noticed an interesting transfer for impressive 72,999 Bitcoin", a member of the Onchain research group Gold found in the sand. "Don't panic. This is the Huobi exchange that moves your funds. But what happens next is not yet clear. Gelder from the '1njh' wallet were canceled in transactions of 2,000. href = "https://markets.bitcoin.com/Crypto/BtC" rel = "noopener"> btc and everyone has a recipient of approximately 1.800 BTC and the rest is distributed to various small wallets. " The gold found in sand member also added:

Maybe this is a new mechanism for distributing funds. What if (come already) this is a preventive reaction of the stock exchange to the next sneezing of your government? In any case, our parser continues to observe the situation. And all these movements with the transfer of money are clearly visible from the bird's eye view of the third parser.

curious transfer methods

The researcher found that the team had an idea that this could somehow be associated with the recent announcement by the Chinese government.

"Yes," noted the gold find in-sand researcher. "We know the [Chinese] The government has made many similar announcements in the past. And such a movement only happened today. What is strange." The most peculiar thing about everything was the movement and organization of the transfers, emphasized the researcher.

"What we found strange was that the money that was spent on transactions of 2,000. 1,800 Bitcoin, and a dozen smaller ... and we are curious about them.

What do you think of the big Ethereum transfers and the bitcoins worth 3.1 billion US dollars that were moved on Sunday? Let us know your opinion on this topic in the comments below.

Photo credits : Shutterstock, Pixabay, Wiki Commons, Blockchair, Oxt.me, Whale Alert,