Kraken and BitGo Move 58,384 ETH ($242M) to 3 Newly Created Wallets — Onchain Lens (Sept 25)
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Longs pay
COINOTAG News on September 25 reported that monitoring by Onchain Lens identified three newly created wallet addresses receiving a total of 58,384 ETH from Kraken and BitGo within a three‑hour window, an on‑chain value of roughly $242 million.
According to on‑chain analytics, this transfer represents a material custody flow between institutional providers; the movements are logged on the Ethereum ledger and affect exchange‑associated balance metrics without implying any specific downstream use.
Stakeholders can independently verify the activity via transaction hashes on an Ethereum explorer, leveraging the transparency of the public ledger to confirm the transfers reported by Onchain Lens and COINOTAG.