Genesis Wallet transferred approximately 14,000 BTC and 156,000 ETH through the transit address

Genesis Wallet has transferred around 14,000 BTC ($900 million) and 156,000 ETH ($480 million) through a transit address in the last hour, in what is suspected to be a bankruptcy liquidation process. According to Arkham, the Genesis Trading address currently holds around $14 million in crypto assets, including just 229 ETH (worth $720,000) and around $10 million worth of BTC.