German Government Shifts Cryptocurrencies Worth $42 Million From Kraken Exchange

IconCryptoNewsTerminal Staff10 Jul, 2024

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German Government Shifts Cryptocurrencies Worth $42 Million From Kraken Exchange

The German government has reportedly removed about $42 million worth of bitcoin from the Kraken cryptocurrency exchange. According to blockchain analytics firm ARKAM, 903 BTC was moved out of the suspected government-owned wallet on Wednesday morning. This transaction represents the most significant transfer from this address since December 2019.