Whale Spends 10000 BTC Worth doollar203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack
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Whale Spends 10,000BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack
A 2013 whalemoved approximately 10,001.514 BTC on Sunday, August 28, and on Monday, August29, 2022. The funds stemmed from two addresses (1,& 2) created eight yearsand eight months ago on December 19, 2013.
The 10,001bitcoin transaction was caught by the blockchain parser btcparser.com, a toolthat often catches so-called ‘sleeping bitcoins’ moving after sitting idle inaddresses for years. Some of the sleeping bitcoins caught by blockchain parsersare BTC block subsidies mined in 2011, 2010, and 2009.
The 2013bitcoins were sent in two batches of 5,000 BTC per transaction, and then splitinto multiple smaller transactions. For instance, one address was split intomultiple fractions of 47.98 BTC, and one single transfer for 200.99 BTC.The“14RKF” address that sent the 5,000 BTC came from a wallet 18JPr that once held24,404.50 BTC. The 24K BTC from wallet 18JPr was originally received onNovember 24, 2012.
Someof the wallets that received fractions of 47.98 BTC on Monday still hold thefunds, but the 200.99 BTC was dispersed into other addresses. The address 15n6bthat dispersed 5,001.514 BTC the day prior on August 28, 2022, also stemmedfrom the 18JPr wallet that once held 24,404.50 BTC.
The 2013bitcoins spent on Sunday and Monday were originally derived from wallet 1McUCthat once held 134,897.01 BTC after getting the coins on June 19, 2011. Thenthe entity started moving the BTC stash on July 20, 2011.
Prior toJune 19, 2011, the 134,897.01 BTC stemmed from various batches sent from 14different senders. Onchain analysis further shows the bitcoins, whether it bethe 10,000 BTC spent this week or the original 134K BTC, likely belonged to asingle entity.