Genesis transferred $2.12 billion worth of BTC and $838 million worth of ETH in the last 3 days

According to Lookonchain, Genesis Trading has transferred 32,256 BTC ($2.12 billion) and 256,775 ETH ($838 million) to multiple addresses in the last 3 days and may be in bankruptcy proceedings to pay off debt.
Genesis Trading transferred 13,291 BTC ($830.70 million) to Coinbase between June 12 and July 15, during which the price of BTC fell from $68,000 to $55,800, a drop of nearly 18%.