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Crypto Mining and Wallet Firm Poolin May Have Moved $150M in Bitcoin

Poolin, a firm that runs a crypto mining pool and a wallet service, may have moved 5,640 Bitcoin ($150 million) from its main wallet on April 21, according to CryptoQuant data, around the time the world's largest digital asset dropped to $28,000. This marks the biggest outflow from miners since December 2020. Although, Kevin Pan, CEO and founder of Poolin shared the data to CoinDesk, adding that the wallet address doesn't match up to the firm's profile and activity. The firm has issued at least $238 million in I-Owe-You (IOU) tokens, according to analyst estimates, to its users.


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