Maybe the coins were moved for security reasons or something?
There is probably no story behind this, but then again this is the speculation forum...
Topic: KNC moved all of their 9000+ BTC Today - page 5. (Read 6891 times)
Oh shit, this looks pretty bad! Thanks for the update. Will keep an eye on it, but it seems they are trying to dump it ASAP before Bitcoin goes sub 200 which shouldn´t take too long anympre. 
Here is the transaction: https://blockchain.info/address/17uTKRCmCgdE5ie85tLu8hP2kRkh4zbhdh
Any speculation as to why? Mass selling incoming? Hack? Moving them to XBT Provider account?
Edit: They have also been selling about 500 bitcoins a day on bitstamp for the past week or so, which is about 4x the amount of bitcoin they mine per day.
Any speculation as to why? Mass selling incoming? Hack? Moving them to XBT Provider account?
Edit: They have also been selling about 500 bitcoins a day on bitstamp for the past week or so, which is about 4x the amount of bitcoin they mine per day.
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