Bankrupt crypto lending platform BlockFi has transferred a total of 26,831 ETH, worth approximately $71.23 million, to Coinbase Prime in the past two days, according to on-chain analyst Ember Monitoring. The transfers included 7,382 ETH ($19.77 million) moved six hours ago and 19,449 ETH ($51.46 million) transferred in just over a day. These significant transfers indicate BlockFi is consolidating funds on the Coinbase institutional platform amidst its bankruptcy proceedings. The ETH transfers were first reported by BlockBeats news on October 31.
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