The German Government's Bitcoin dumping habits - Timeline...
Bitcoin Sent to CEXs & Unidentified Address: $300M+
Bitcoin Remaining in German Govt. Address: $2.32B
[June 19th] German government begins to move the 50,000 $BTC seized from online piracy website ‘Movie2k’. This began with sending 1,500 $BTC to well-known crypto exchanges. They sent 500 $BTC to Bitstamp, and 500 $BTC to Kraken, with the remainder flowing to Coinbase.
[June 20th] Just one day later, the German government sent another 200 $BTC to Coinbase, increasing the total sent to 1,700 $BTC.
[June 25th] A further 400 $BTC is sent to crypto exchanges. 200 $BTC to Coinbase, and 200 $BTC to Kraken.
[June 26th] German government sends further 250 $BTC to Kraken and Bitstamp. Later that day, another 345 $BTC is sent to crypto market maker, Flow Traders - presumably for a time-weighted dumping action.
[July 1st] An additional 400 $BTC is sent to Bitstamp, Coinbase, and Kraken. Brings total sent to exchanges up to more than 2,700 $BTC per WuBlockchain.
[July 2nd] Flow Traders receives another 362 $BTC, while a further 283 $BTC is sent to the aforementioned three exchanges. Total rises to above 3,000 $BTC.
[July 4th, Today] Largest transfer so far with 1,300 $BTC sent to Bitstamp, Coinbase and Kraken. German government shows no signs of slowing its dumping habits.
Kazani
npub1vm…gsrrc
2024-07-04 11:34:30
Author Public Key
npub1vm68u0w0uhyjsx6rd062u3pufzfa8sd30njsxg3lsppa80aalvhs8gsrrcPublished at
2024-07-04 11:34:30Event JSON
{
"id": "cf21dd78839bde90b4fea10fd7b10947a121de94a171da5070920b6c7f2a55be",
"pubkey": "66f47e3dcfe5c9281b436bf4ae443c4893d3c1b17ce503223f8043d3bfbdfb2f",
"created_at": 1720092870,
"kind": 1,
"tags": [],
"content": "The German Government's Bitcoin dumping habits - Timeline...\n\nBitcoin Sent to CEXs \u0026 Unidentified Address: $300M+\nBitcoin Remaining in German Govt. Address: $2.32B\n\n[June 19th] German government begins to move the 50,000 $BTC seized from online piracy website ‘Movie2k’. This began with sending 1,500 $BTC to well-known crypto exchanges. They sent 500 $BTC to Bitstamp, and 500 $BTC to Kraken, with the remainder flowing to Coinbase.\n\n[June 20th] Just one day later, the German government sent another 200 $BTC to Coinbase, increasing the total sent to 1,700 $BTC.\n\n[June 25th] A further 400 $BTC is sent to crypto exchanges. 200 $BTC to Coinbase, and 200 $BTC to Kraken.\n\n[June 26th] German government sends further 250 $BTC to Kraken and Bitstamp. Later that day, another 345 $BTC is sent to crypto market maker, Flow Traders - presumably for a time-weighted dumping action.\n\n[July 1st] An additional 400 $BTC is sent to Bitstamp, Coinbase, and Kraken. Brings total sent to exchanges up to more than 2,700 $BTC per WuBlockchain.\n\n[July 2nd] Flow Traders receives another 362 $BTC, while a further 283 $BTC is sent to the aforementioned three exchanges. Total rises to above 3,000 $BTC.\n\n[July 4th, Today] Largest transfer so far with 1,300 $BTC sent to Bitstamp, Coinbase and Kraken. German government shows no signs of slowing its dumping habits.",
"sig": "1a0aa543c24e54428afecebd875f9bfcbf286166647f3f12f160986ce1193ac37de99d020268774bfdd59ee1c14f77cfa90b1fec616876847c240d7b9fb9e5b2"
}