Genesis Buying and selling seems to have halted all pockets on-chain operations on Jan. 20 after submitting for Chapter 11 chapter within the Southern District of New York
The wallets maintain over $280 million in crypto — 144,847 in Ethereum (ETH) price $220 million — as of press time.
Present pockets holdings
Genesis Buying and selling’s 9 remaining prime 10 crypto holdings embrace Compound (COMP), The Sandbox (SAND), Apecoin (APE), Decentraland (MANA), Aave (AAVE), Curve DAO (CRV), Pax Greenback (USDP), The Graph (GRT), Fundamental Consideration Token (BAT) and Uniswap (UNI).
Flooded with pretend tokens
Transactions 4 hours in the past into Genesis Buying and selling’s wallets occurred, however had been simply inflows of faux ‘GENESIS’ tokens flooding in.
The final transaction originating from Genesis Buying and selling was 12 hours in the past at press time — a definite change from the wallets’ ordinary a number of transactions per hour sample of conduct.