Recently, the Genesis Wallet conducted a large-scale transfer of cryptocurrencies through a transit address, totaling approximately 14,000 Bitcoin (BTC) and 156,000 Ethereum (ETH). This action is valued at around $1.38 billion. According to data revealed by industry analysis firm Arkham, Genesis Trading currently holds approximately $14 million in total cryptocurrency assets, with Ethereum accounting for only 229 ETH (worth about $720,000), while Bitcoin represents about $10 million in value. These signs indicate that the Genesis Wallet may be taking measures to execute a bankruptcy liquidation process, although the official party has not made any formal statements.