$100 million BTC transferred between unknown wallets linked to Cumberland under SEC scrutiny.

From Investing.com

October 16, 2024 3:30:20 pm:

An unprecedented $100 million BTC transfer has rattled the crypto world, involving 1,475 BTC moving between unknown wallets “3QYQ6” and “3MqUP.” The funds were sent from Coinbase Prime addresses to the exchange’s hot wallets. A previous influx of $100 million BTC came from a wallet linked to Cumberland, currently under SEC scrutiny for unregistered activities. The source of the funds and the motive behind the transfer remain unclear, raising questions about potential implications for Bitcoin’s future value.

Read more at Investing.com: $100 Million Bitcoin Moves Amid SEC Scrutiny on Cumberland By U.Today