Bitfinex Made a $1.1Billion BTC Trade for Just $0.68

Bitfinex traded 161,500 Bitcoin (BTC) on April 10 for a price of just 0.00010019 BTC i.e. approximately $0.68 and the crypto community noticed it.

According to reports of the blockchain transaction. At the time of the press, the customer exchanged around $1.1 billion in the cryptocurrency. For that number, 15,000 BTC sent to a wallet. While the rest 146,500 BTC returned to their original address.

KRMA_0 was one of the first Twitter users to notice the transaction. However, it didn’t take long for someone to take credit for the transfer. In a statement hitting Sunday’s 15,000 + followers, Bitfinex’s Chief Technology Officer (CTO) Paolo Ardoino said the crypto exchange was responsible, attributing the switch to the exchange refilling its hot wallet:

Bitfinex Made a $1.1Billion BTC Trade for Just $0.68Beating the highest record for BTC transaction

It makes Bitfinex officially the biggest transaction in the BTC’s history in terms of dollar sum. On September 6, 2019, when transaction records show 94,504 BTC — then $1,018 billion — were traded for a $700 fee, the last time BTC passed over one billion dollars.

however, neither was ever the largest volume of cryptocurrency to be transferred. The honor goes to the 500,000 BTC transactions that took place on 16 November 2011. At that time, $1.32 million worth, the amount of bitcoin could be liquidated today for about $3.5 billion.