Analyst: Jeffrey Wilcke transferred more than 105,000 ETH to Kraken and then transferred it out through a new address. This may be to prevent tracking, or it may be a risk control operation of the platform

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According to ChainCatcher, blockchain analyst Yu Jin stated on social platforms that after Ethereum co-founder Jeffrey Wilcke transferred 105,737 ETH into Kraken, approximately the same amount of ETH (104,746) was withdrawn through 7 addresses. There are two possible scenarios:

  • This is Jeffrey Wilcke's operation: transferring ETH into Kraken and then withdrawing through multiple addresses to prevent subsequent tracking, rather than selling these ETH.
  • This is Kraken's risk control operation: after large-value tokens flow into the trading platform, they are dispersed and stored across multiple wallets to reduce single-point risk.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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