187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since...
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) from exchange-owned cold wallets. In February, Coinbase had 1 million bitcoin under management and today reserves are down over 9% as 92,000 bitcoin ($1B) has left the exchange. Today, according to Bituniverse’s online exchange balance rank....
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Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase held close to 1 million BTC for its users. In fact, in January 2020, Coinbase had around 969,000 BTC and the next month, it was up to its highest point of 973,000 BTC on February 10, 2020. But all year long, not only from Coinbase, but also a slew of....
Decentralized finance platform Akropolis’ yCurve pools have been drained resulting in the loss of $2 million.
A very curious social experiment by our new author. Watch him leave an open wallet at the center of a figurative street splitting the community in half. Complete with applicable conclusions as a result of the experiment. Yesterday, I broke the cardinal rule of bitcoin, I shared my private key online. Not just with one person either, but with the entire r/bitcoin subreddit. As you most probably would have guessed, it was instantly drained. A few people were kind enough to toss almost two dollars worth of bitcoin at the account, but that too was drained almost as soon as it was put in. Why I....
Law enforcement has seized over $3.6 billion in bitcoin of the total $4.5 billion drained in the 2016 Bitfinex hack.
While the second-largest crypto asset by market cap has gained more than 15% in value against the U.S. dollar during the last week, the number of ethereum stored on exchanges has dropped significantly during the last few weeks. In less than two years, more than 29% of the ether held on exchanges has left centralized trading platforms and since December 2021, roughly 5.89% or 1.51 million ether has left exchanges. Number of Ethereum on Exchanges Continues to Drop Seven days ago, Bitcoin.com News reported on the number of bitcoin (BTC) held on exchanges and how the metric dropped to the....