The largest creditor, who returned the funds lost thanks to the bankrupt company Genesis Trading, decided to sell off part of the received ether. In three days, he sold 12,100 ETH for $31.43 million.

By data analytical company Arkham Intelligence, on August 2, as part of payments for the liquidation of Genesis Trading, the lender received 114,502 ETH, which at that time was valued at $358.19 million. On September 23, the owner of crypto assets began to sell off his ether, transferring it to the cryptocurrency brokerage company FalconX.

The largest transaction occurred on September 25 – the user transferred 7,099 ETH in the amount of $18.56 million. Despite this sale, the ETH rate was able to remain above the $2,600 level.

Genesis Trading, a subsidiary of Digital Currency Group, filed for bankruptcy in early 2023 after a series of financial problems. As part of the bankruptcy procedure in August 2024, Genesis Trading began paying money to creditors, distributing about $4 billion in crypto assets among the victims.

At the beginning of the year, New York prosecutors entered into a settlement agreement with Genesis Global Trading. The crypto company agreed to pay an $8 million fine for violating the Bank Secrecy Act and anti-money laundering requirements through cryptocurrencies.