**4,999 BTC Moved by Kraken — One of the Largest Internal Transactions Ever**

IconCryptoNewsTerminal Staff30 May, 2024

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**4,999 BTC Moved by Kraken — One of the Largest Internal Transactions Ever**

4,999 BTC Moved by Kraken — One of the Largest Internal Transactions Ever On Tuesday, August 9, 2023, blockchain analytics firm Arkham Intelligence reported that 4,999 Bitcoin (BTC) had been transferred from cryptocurrency exchange Kraken to an anonymous wallet. The transaction is one of the largest internal transfers ever recorded, and has sparked speculation about the reasons behind it. Some analysts believe that the move could be related to a large customer withdrawal or a change in Kraken's internal accounting practices. Kraken has not yet commented on the transaction, but it is worth noting that the exchange has been under increasing regulatory scrutiny in recent months. In June, the U.S. Securities and Exchange Commission (SEC) charged Kraken with offering unregistered securities in the form of its staking-as-a-service program.

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