Meanwhile, two addresses created on December 19, 2013 sent 10,000 bitcoins worth $203 million to unknown wallets after sitting idle for nearly nine years. Data from Onchain shows that the 10,000 coins moved this week originally came from the Mt Gox hack that occurred on June 19, 2011.
The whale that held 134,000 bitcoins from the Mt Gox hack in 2011 is spending the last 10,000 this week
A 2013 whale moved around 10,000 BTC on Sunday August 28 and Monday August 29, 2022. The funds came from two addresses created on December 19, 2013.
Transaction of 10,001 bitcoins detected by blockchain parser btcparser.com a tool that often makes it possible to identify “dormant bitcoins” who move after having remained inactive in addresses for years. Here are some of the dormant bitcoins spotted by BTC blockchain analyzers that were mined in 2011, 2010, and 2009.
The first transaction for 5,001.514 BTC was sent on August 28 and confirmed at block height 751,518. The other 5,000 BTC was sent the next day, August 29, and confirmed at block height 751,723.
The 2013 bitcoins were sent in two batches of 5,000 bitcoins per transaction and then split into several smaller transactions. For instance, an address was divided into several fractions of 47.98 BTC and a single transfer for 200.99 BTC.
The “14RKF” address that sent the 5,000 BTC is from a wallet 18JPr which once contained 24,404.50 BTC. The 24K BTC from the 18JPr wallet was originally received on November 24, 2012.
Some of the wallets that received fractions of 47.98 BTC on Monday still hold the funds, but the 200.99 BTC was scattered in other addresses. The address 15n6b which dispersed 5,001.514 BTC the previous day, August 28, 2022, also came from the 18JPr wallet which contained 24,404.50 BTC.
Data from Onchain shows that 10,000 bitcoins moved this week came from the Mt Gox fault in 2011.
2013 bitcoins sold on Sunday and Monday originally came from the wallet 1McUC which once held 134,897.01 BTC after getting the coins on June 19, 2011. Then the entity started moving the BTC stash on July 20, 2011.
Before June 19, 2011, the sum of 134,897.01 BTC came from various batches sent by 14 different senders. The onchain analysis further shows that bitcoins, whether the 10,000 BTC spent this week or the original 134K BTC are likely owned by a single entity.
Transfers between June 2011 and present do not show signs of a trade, and the whale’s mega-stash of 134K BTC has gradually depleted in fractions over the past 11 years. The 10,001 BTC spent this week appears to be the last of the reserve coming from the original 1McUC address.
The 10,001 BTC is special because the entity spent tens of thousands of bitcoins in batches between July 2011 and the end of 2013, but not a single penny of the 10,001 BTC was spent for almost nine years. On Tuesday, the blockchain researcher and administrator of the Telegram channel “gfoundinsh*t“, Taisia, said that the 10,000 bitcoins came from the Mt Gox hack in 2011.
“The visualization of the blockchain clearly shows that in each of the transaction chains associated with the two withdrawals, the same wallet (…) was used.1McUC) actually appears, which received a large amount (134K BTC) from Gox, just at the time of the events described“, Taisia told Bitcoin.com News. “And, as we remember, the founders of the BTC-E exchange, which was created later, and later WEX was also suspected of the subsequent hacker attack.“
To display Hide the table of contents