The four multi-signature wallets with the same owner have received over 101,000 ETH, equivalent to approximately 363.58 million USD in the past two days.
This transaction includes transfers from FalconX, Galaxy Digital, and BitGo to wallet addresses monitored by Onchain Lens, reflecting a large-scale cryptocurrency movement.
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Four multi-signature wallets with the same owner received 101,131 ETH equivalent to 363.58 million USD.
The source of ETH transfer from FalconX, Galaxy Digital, and BitGo within two days.
The addresses of the multi-signature wallets are identified and monitored on Onchain Lens.
Who do these four multi-signature wallets belong to and why are they important?
According to Onchain Lens, the four multi-signature wallets mentioned belong to the same entity, indicating that an organization or individual is managing a large amount of ETH. Using multi-signature wallets enhances security as multiple parties must agree to carry out transactions.
This shows a professional and cautious approach in managing cryptocurrency assets, minimizing risks from lost keys or cyber attacks. The amount of ETH has reached over 101,000, reflecting the scale and influence of this entity in the market.
Multi-signature wallets are commonly used in investment funds or large organizations to protect assets while ensuring transparency in transaction activities.
Which parties are transferring ETH and what is the significance?
ETH has been transferred from FalconX, Galaxy Digital, and BitGo. These are reputable entities in the cryptocurrency ecosystem, specializing in custody, investment, and large-scale trading services.
Combining the sources from these three entities somewhat reflects the legitimacy and scale of the transaction. A total of 101,131 ETH was transferred, worth 363.58 million USD, occurring over two days, indicating a large cash flow possibly related to reallocation or new investments.
The movement of large-value ETH from professional organizations is always noted by observers to assess capital trends and cash flow in the cryptocurrency market.
What are the addresses of the multi-signature wallets receiving ETH?
The four multi-signature wallets that received ETH are specifically identified on the Blockchain network as follows:
0x55cf01a87ba597ffa6772a0634c30ceec7fce679
0x8c6bbdeffbe8fc7c58e920934667c5b74debdc60
0x86f911deb6bb8ca5c36eddf9ef86a9dc1f694446
0xf2a030cd953b4dcad9563f5a1d58bb3342fea458
Publicizing these addresses on monitoring tools helps ensure transparency in asset transfers, while also providing a basis for tracking and analyzing future transaction behaviors.
The transfer of a large amount of ETH via multi-signature wallets demonstrates the maturity and professionalism in asset management of this organization.
Blockchain expert Nguyen Van A, 2024
Frequently asked questions
What are multi-signature wallets and why use them?
Multi-signature wallets require multiple parties to approve transactions, increasing security and control for large assets, often used by professional organizations.
What is the total value of ETH transferred?
Approximately 101,131 ETH, equivalent to 363.58 million USD.
What is Onchain Lens?
Onchain Lens is a monitoring tool for transactions and wallets on the Blockchain network that helps track cash flow and the specific activities of addresses.
Who are FalconX, Galaxy Digital, and BitGo?
These are large organizations providing reputable cryptocurrency custody and trading services in the global market.
What is the purpose of such a large ETH transfer?
Usually for portfolio restructuring, new investments, or enhancing asset security for the organization.
Source: https://tintucbitcoin.com/ethereum-nghi-van-nhan-360-trieu-usd-eth/
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