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1,113 Bitcoin Moved From Kraken (global cryptocurrency exchange) to Unknown Wallet (crypto address for funds)

A social media post reports 1,113 Bitcoin—valued at $100,195,692—transferred from Kraken (global cryptocurrency exchange) to an unidentified wallet (crypto address for funds); the recipient address has not been disclosed.

BTC

Summary

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Terms & Concepts
  • Wallet: A tool or address that stores cryptographic keys and sends/receives cryptocurrencies.
  • On-chain transfer: A movement of digital assets recorded directly on a blockchain ledger.
  • Cryptocurrency exchange: A platform where users buy, sell, deposit, or withdraw digital assets.