Outgoing whale moves from Bitfinex increase following news, $91m moved out

26 Apr, 2019
Analysis
Outgoing whale moves from Bitfinex increase following news, $91m moved out

Following the recent news surrounding the Bitfinex and Tether manipulation of USDT. Whale moves have appeared to be picking up steam on Bitfinex exchange. 

Over the past nine hours since the news broke, Bitfinex whale moves have increased. So far over 17,376 BTC in whale moves have been moved off the exchange, totalling $91 million. 

The exchange also saw several whale amounts moving into the exchange with 3,500 BTC coming into the exchange, totalling $18.2 million. 

Several whale moves out include ethereum with several large transactions leaving Bitfinex. Five ethereum whale moves out of the exchange saw nearly half a million Ethereum leave the exchange, totalling $72.7 million. 

Bitfinex appears to be having a lot of major whale movements on the exchange following the New York States decision to investigate possible fraud within Bitfinex and Tether. 

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