ChainCatcher reported that, according to monitoring by Galaxy’s head of research, the token transfers in question were made up of assets from two sources. One portion came from tokens seized from Ryan Farace, also identified as “xanaxman.” The other portion came from tokens tied to the now-shuttered crypto exchange BTC-e. The brief did not provide details on the token names, the amount transferred, or the overall size of the movement. No additional timeline or on-chain breakdown was included in the source text.
According to a ChainCatcher brief citing monitoring by Galaxy’s head of research, the token transfers were composed of two sources.
One portion involved tokens seized from Ryan Farace, identified as “xanaxman,” while the other involved tokens from the defunct crypto exchange BTC-e.
The source did not disclose the token names, the amount transferred, or the total size of the movement.
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