A large transaction was recorded by a Twitter bot, after which it became known that the cryptocurrency was stored in the cold wallet of the trading platform
Crypto exchange Kraken has transferred over 1.25 million Ethereum from cold storage, worth $ 6 billion, according to blockchain observer Etherscan. The transaction was reported by the Twitter bot Whale Alert.
Exchanges store cryptocurrency in cold wallets, which greatly reduces the risk of loss from hacking. The rest of the funds are in hot wallets, which allows you to get faster access to it.