The post Ethereum: New Wallet Withdraws 23,637 ETH from Kraken Worth $73.4 Million, Suspected Linked to BitMine appeared on BitcoinEthereumNews.com. According toThe post Ethereum: New Wallet Withdraws 23,637 ETH from Kraken Worth $73.4 Million, Suspected Linked to BitMine appeared on BitcoinEthereumNews.com. According to

Ethereum: New Wallet Withdraws 23,637 ETH from Kraken Worth $73.4 Million, Suspected Linked to BitMine

2025/12/14 09:11

According to OnchainLens monitoring, a recently created wallet executed a significant ETH withdrawal from Kraken, moving 23,637 ETH valued at about $73.4 million on December 14. The transfer signals active liquidity movement within the cryptocurrency landscape and underscores the continued use of major exchanges for large-cap assets.

The recipient address is suspected to belong to BitMine, though attribution remains under review by analytics firms. This activity, tracked by OnchainLens, highlights ongoing wallet provenance checks and the need for robust monitoring of large withdrawals from leading exchanges to end wallets.

Source: https://en.coinotag.com/breakingnews/ethereum-new-wallet-withdraws-23637-eth-from-kraken-worth-73-4-million-suspected-linked-to-bitmine

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Solana co-founder urges need for Bitcoin to adopt quantum resistance for future security

Solana co-founder urges need for Bitcoin to adopt quantum resistance for future security

The post Solana co-founder urges need for Bitcoin to adopt quantum resistance for future security appeared on BitcoinEthereumNews.com. Solana co-founder Anatoly Yakovenko is urging the Bitcoin community to begin transitioning to quantum-resistant security measures, warning that advances in quantum computing may arrive faster than expected. Speaking during a Sept. 18 session at the All-In Summit, said the accelerating pace of technological breakthroughs means Bitcoin should not wait until the threat is imminent. According to him: “We should migrate Bitcoin to a quantum-resistant signature scheme. This is my bet, and it’s because so many technologies are converging right now, and this asymptotic rate of AI and how fast it’s accelerating—going from a research paper to an implementation—is astounding. So I would try to encourage folks to speed things up.” Yakovenko’s position is unsurprising, as market concerns over Bitcoin’s vulnerability to quantum-powered attacks have gained momentum following companies like Google reporting advances in the space. Considering this, he argued that these major tech firms’ adoption of quantum-resistant cryptography should signal the right time for Bitcoin to migrate its security architecture. The Solana co-founder furthered: “My key for this is Google and Apple adopting a quantum-resistant cryptographic stack. This is the time to go migrate, because now the consumer side of it is effectively solved and you don’t have to kind of wait. So you watch where Google’s going.” However, despite Yakovenko’s warnings, industry experts remain split on the technological advancements timeline as some argue that breakthroughs could occur within this decade, while others contend that the risks remain distant. Regardless of when its implementation occurs, Yakovenko stressed that the technology would be both a challenge and an opportunity. He said: “For the general public, quantum computing is such a massive unlock in terms of how much we can process that it’s going to be as big of a wealth creator, if we pull it off, as AI.” Bitcoin remains resilient…
Share
BitcoinEthereumNews2025/09/19 23:06