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title: "It's the largest transaction _that we know of_.   If they had used a…"
date: 2020-10-27
source: facebook
type: Archer T. Ships shared a link.
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# It's the largest transaction _that we know of_.   If they had used a…

*October 27, 2020 · Facebook*

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[https://cointelegraph.com/news/bitfinex-made-a-11-billion-btc-transaction-for-only-068/amp](https://cointelegraph.com/news/bitfinex-made-a-11-billion-btc-transaction-for-only-068/amp){target="_blank"}
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It\'s the largest transaction \_that we know of\_. If they had used a coin that actually protects privacy ( such as Monero ), no one would even know that this transaction had happened.\
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\"With Bitcoin\'s price continuing to hold close to \$13,000, one crypto wallet has moved more than \$1 billion of the digital asset.\
According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC --- worth roughly \$1.15 billion --- for a fee of only 0.00027847 BTC, or \$3.58 at time of publication. The coins were confirmed in block 654,364 on Oct. 26.\
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Data from analytics platform CrystalBlockchain appears to show that the user sent the coins from an address labeled as a Xapo Bitcoin wallet. Because Coinbase Custody acquired Xapo's institutional business in 2019, it is possible that the \$1.1 billion in Bitcoin originated from the U.S.-based exchange.\
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This transaction is the largest movement of any cryptocurrency by fiat value, with the Bitfinex exchange setting the previous record in April. It transferred 161,500 BTC --- \$1.1 billion at the time --- for a fee of only \$0.68.\"
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