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Hut 8 Funnels $161 Million in Bitcoin to Exchanges

Bitcoin.com News·October 16, 2026·1 min read
Hut 8 Funnels $161 Million in Bitcoin to Exchanges

Hut 8 pushed nearly 2,000 BTC worth $161 million to exchanges and trading desks in seven days, emptying its wallet by early Friday. Arkham labeled the source as Hut 8's Coinbase Prime custody wallets, with coins moving through a single intermediary address.

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