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Crypto
Bhutan Government Wallet Transfers ETH to Suspected QCP Capital Address
12/01/2025, 09:06
AI SUMMARY
●Royal Government of Bhutan wallet transfers ~175 ETH
●Funds sent to a wallet suspected to be associated with QCP Capital
●Transfer value stands at approximately $500,000
On-chain analysis detected that a wallet labeled as the Royal Government of Bhutan transferred approximately 175 ETH (worth nearly $500,000) to another address.
Analysts suggest the receiving wallet is likely linked to QCP Capital, an institutional crypto trading firm.