According to data from the cryptocurrency tracking platform Lookonchain, the globally renowned lending platform Genesis Trading has been transferring large amounts of cryptocurrencies to multiple addresses over the past three days. Specifically, the platform transferred 32,256 BTC (worth approximately $2.12 billion) and 256,775 ETH (worth approximately $838 million). These actions have sparked market speculation that Genesis Trading may be using bankruptcy procedures to repay its debts. It is noteworthy that these transfers took place between June 12th and July 15th, during which the price of BTC dropped from $68,000 to $55,800, a decrease of nearly 18%. Additionally, during this period, Genesis Trading also transferred 13,291 BTC (approximately $830.7 million) to Coinbase. The massive transfer activities have attracted widespread attention in the market, further revealing the complex risks and challenges within the cryptocurrency industry.