{"id":56892,"date":"2022-01-31T18:53:14","date_gmt":"2022-01-31T16:53:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56892"},"modified":"2025-09-04T08:47:52","modified_gmt":"2025-09-04T05:47:52","slug":"from-the-ftx-exchange-45596-btc-moved-in-minutes","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/from-the-ftx-exchange-45596-btc-moved-in-minutes\/","title":{"rendered":"From the FTX exchange, 45,596 BTC moved in minutes"},"content":{"rendered":"<p>January 31, in three minutes, unknown actors moved a total of 45,596 BTC ($1.68 billion at the time of the transactions) between different wallets. This was noted by the <a href=\\\"https:\/\/twitter.com\/BtcBlockBot\\\">service<\/a> Bitcoin Block Bot.<\/p>\n<p>All seven transactions ended up included in a single block #721 186.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/ZXrXpKDXbgTWWH_HUUDlLrknGR5n8UiO5qFzw57eYey7Ndld35hz3XOGpHYYStW-r0pNBFDFzR1vH9Jd_y4P9UY9mkiGEtRAdAGoNF-ttt5Du9wjc_-4GCGBmdG5H0IkgYV3L5lx\\\" alt=\\\"From the FTX exchange, 45,596 BTC moved in minutes\\\"\/><figcaption>Source: Bitcoin Block Bot.<\/figcaption><\/figure>\n<p>While including the transactions in one block and the similar fee size cannot directly indicate that they were sent by the same user, these transactions are in some way linked, said ForkLog CEO Sergei Mendelyev of Indefibank.<\/p>\n<p>The expert said the conclusion was drawn from the observation that similar patterns were used along the path of bitcoins to these wallets.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cHere, more likely, one should direct the question to the FTX exchange, which is the source of these transactions.\u201d<\/p>\n<\/blockquote>\n<p>Overall, there is nothing surprising about a series of large transactions ending up in a single block.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cIf roughly a hundred transactions with the same high fee are executed around the same time, they will also enter the next block in succession \u2014 that is how the Bitcoin network operates,\u201d added Mendelyev.<\/p>\n<\/blockquote>\n<p>As Glassnode analysts report, Bitcoin transactions of $1 million and above <a href=\"https:\/\/u1f987.com\/en\/news\/glassnode-whale-bitcoin-transaction-share-remains-high\">account for 65% <\/a>of the transferred on-chain value.<\/p>\n<p>Follow ForkLog\u2019s bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 31, in three minutes, unknown actors moved a total of 45,596 BTC ($1.68 billion at the time of the transactions) between different wallets.<\/p>\n","protected":false},"author":1,"featured_media":56893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1227,1236,1156],"class_list":["post-56892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-cryptocurrency-transactions","tag-ftx","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=56892"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56892\/revisions"}],"predecessor-version":[{"id":56894,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/56892\/revisions\/56894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/56893"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=56892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=56892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=56892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}