The event was first brought to the public via a tweet from Rafael Schultze-Kraft, one of the cofounders of Glassnode market intelligence firm. Glassnode also tweeted from its official account, confirming the occurrence.
The movement is however not strange as crypto exchanges are known to move funds from one place to another whenever they are running upgrades and doing routine maintenance. It has also come to light that Bittrex spent less than $19 in transfer fees, to move all of the money.
Image Credits: Pixabay
bestadmin
