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Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack Bitcoin News

August 30, 2022
in News
Reading Time: 9 mins read
Whale Spent 10,000 BTC Worth $203 Million, Bitcoin Derived From Infamous 2011 Mt Gox Hack

Bitcoin’s price fell to August lows in two days, falling below $20,000 per unit area for the first time since mid-July. Meanwhile, her two addresses, created on December 19, 2013, sent her $203 million worth of her 10,000 bitcoins to an unknown wallet after being idle for nearly nine years. . Her 10,000 coins moved this week originally came from the Mt. Gox breach that occurred on June 19, 2011, according to on-chain data.

Whale holding 134,000 bitcoins in 2011 Mt Gox hack spends last 10,000 bitcoins this week

Whales in 2013 migrated about 10,001.514 Bitcoin Sunday 28 August 2022 and Monday 29 August 2022. Funds are sent to two addresses (1& 2) was created 8 years and 8 months ago on December 19, 2013.

10,001 Bitcoin transactions caught by blockchain parser btcparser.com, a tool that often catches so-called “sleeping bitcoins” moving after being left at an address for years. Here are some of the sleeping Bitcoins caught by the blockchain parser: Bitcoin Block subsidies mined in 2011, 2010 and 2009.

Whale Spent 10,000 BTC Worth $203 Million, Bitcoin Derived From Infamous 2011 Mt Gox Hack
10,001 on-chain actions this week Bitcoin Originally associated with the June 19, 2011 hack of Mt Gox. 5,001.514 first transactions Bitcoin was sent on August 28 and was seen at block height 751,518. remaining 5,000 Bitcoin The transfer was sent the next day, August 29, and was confirmed at block height 751,723.

Bitcoin in 2013 was sent in two batches of 5,000 Bitcoin It is then split into multiple smaller transactions. for example, one address Divided into multiple fractions of 47.98 Bitcoinand one transfer of 200.99 Bitcoin.

14RKF address that sent 5,000 Bitcoin came from a wallet 18JPr once held 24,404.50 Bitcoin.24K Bitcoin 18JPr from the wallet was first received on November 24th, 2012.

Portion of wallets that received fractions of 47.98 Bitcoin Still holding funds on Monday, 200.99 Bitcoin was Dispersed to another address.address 15n6b Distributed 5,001.514 Bitcoin The day before August 28, 2022 also resulted from an 18JPr wallet that once held 24,404.50. Bitcoin.

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10,000 bitcoins moved this week attributed to 2011 Mt Gox breach, according to on-chain data

The 2013 bitcoin used on Sunday and Monday was originally derived from wallets 1McUC once held 134,897.01 Bitcoin After getting the coin on June 19, 2011. Bitcoin Stash on July 20, 2011.

134,897.01 before June 19, 2011 Bitcoin It comes from different batches sent by 14 different senders.On-chain analysis shows more Bitcoin, 10,000 or not Bitcoin This week’s spending or original 134K Bitcoinwhich probably belonged to a single entity.

Whale Spent 10,000 BTC Worth $203 Million, Bitcoin Derived From Infamous 2011 Mt Gox Hack
A blockchain visualization shared by the researcher who created the blockchain parser btcparser.com and Taisia, the administrator of the Telegram group GFISchannel.

Remittances from June 2011 to date show no sign of exchange, with mega stashes of 134K of whales Bitcoin It has been gradually depleted over the last 11 years. 10,001 Bitcoin Spent this week appears to be the last of the stash originating from the original 1McUC address.

10,001 Bitcoin Special because the entity spent tens of thousands of bitcoins in batches between July 2011 and the end of 2013. Bitcoin The batch was spent nearly nine years. On Tuesday, Taisia, a blockchain researcher and administrator of the Telegram channel GFISchannel, said the infamous 10,000 Bitcoins came from the 2011 Mt Gox hack.

Blockchain visualization is the same wallet (1McUC) actually appears, and a large amount of (134K Bitcoin), from Gox just in time for the event described, Taisia told Bitcoin.com News. And as we remember, the founders of the later created BTC-E exchange, and later WEX, were also suspected of subsequent hacker attacks.

Tayshia added:

Given the leaders of these two exchanges and the events currently taking place, it is possible that these old piggy banks have been opened under the influence of law enforcement if they were involved in the summer cyberattacks. there is.

Taisia also said that while rumors of 140,000 Mt Gox Bitcoins spread like wildfire last weekend, it was a strange coincidence that these 2011 Mt Gox coins were distributed this week. Bitcoin.com News report About the speculations and rumors surrounding the old Mt. Gox bitcoin 3 days ago and the number and actual number Mt Gox creditors call it “fake news

Tags for this story

10001 BTC, 134K, 1McUC address, 2011, 2011 hack, 2011 Mt Gox Invasion, 2013, 2022, 5000BTC, Bitcoin, Bitcoin (BTC), BTC-e Exchange, BTC Parser, Btcparser.com, Cryptocurrency, gfoundinsh*t, gox mountain, mount gox stash, on-chain movement, On-chain research, Stash, Taisia, Wex, whale, whale

What do you think about the connection between the whale that spent 10,001 bitcoins this week and the Mt Gox hack of 2011? Let us know what you think about this in the comments section below.

Jamie Redman

Jamie Redman is a news lead for Bitcoin.com News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols currently emerging.




image credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. Bitcoin.com It is not intended to provide investment, tax, legal or accounting advice. NEITHER THE COMPANY NOR THE AUTHOR WILL BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY DAMAGE OR LOSS ARISING OR ALLEGED TO OCCUR ARISING OUT OF OR RELATING TO YOUR USE OF OR RELIANCE ON ANY CONTENT, PRODUCTS OR SERVICES DESCRIBED IN THIS ARTICLE. We are not responsible.

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