Genesis Trading wallets halted – holding over $280M

Genesis Trading appears to person halted each wallet on-chain operations connected Jan. 20 aft filing for Chapter 11 bankruptcy successful the Southern District of New York

The wallets  clasp implicit $280 cardinal successful crypto — 144,847 successful Ethereum (ETH) worthy $220 cardinal — arsenic of property time.

Current wallet holdings

Genesis Trading’s 9 remaining apical 10 crypto holdings see Compound (COMP), The Sandbox (SAND), Apecoin (APE), Decentraland (MANA), Aave (AAVE), Curve DAO (CRV), Pax Dollar (USDP), The Graph (GRT), Basic Attention Token (BAT) and Uniswap (UNI).

Genesis Trading wallets holdings – (Source: Arkham Intelligence)

Flooded with fake tokens

Transactions 4 hours agone into Genesis Trading’s wallets took place, but were conscionable inflows of fake ‘GENESIS’ tokens flooding in.

Genesis Trading wallet transactions – (Source: Arkham Intelligence)

The past transaction originating from Genesis Trading was 12 hours agone astatine property clip — a chiseled alteration from the wallets’ accustomed aggregate transactions per hr signifier of behavior.

The station Genesis Trading wallets halted – holding implicit $280M appeared archetypal connected CryptoSlate.