Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack
In two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2013 sent 10,000 bitcoin worth $203 million to unknown wallets after sitting idle for close to nine years. Onchain data shows the 10,000 coins moved this week originally came from the Mt Gox breach that occurred on June 19, 2011.
Whale That Once Held 134,000 Bitcoin From the 2011 Mt Gox Hack Spends the Last 10,000 This Week
The 10,001 bitcoin transaction was caught by the blockchain parser btcparser.com, a tool that often catches so-called ‘sleeping bitcoins’ moving after sitting idle in addresses for years. Some of the sleeping bitcoins caught by blockchain parsers are block subsidies mined in 2011, 2010, and 2009.
The 2013 bitcoins were sent in two batches of 5,000 one address was split into multiple fractions of 47.98 , and one single transfer for 200.99 .per transaction, and then split into multiple smaller transactions. For instance,
The “14RKF” address that sent the 5,000 18JPr that once held 24,404.50 . The 24K from wallet 18JPr was originally received on November 24, 2012.came from a wallet
Some of the wallets that received fractions of 47.98 dispersed into other addresses. The address 15n6b that dispersed 5,001.514 the day prior on August 28, 2022, also stemmed from the 18JPr wallet that once held 24,404.50 .on Monday still hold the funds, but the 200.99 was
Onchain Data Shows 10,000 Bitcoin Moved This Week Came From the 2011 Mt Gox Breach
The 2013 bitcoins spent on Sunday and Monday were originally derived from wallet 1McUC that once held 134,897.01 after getting the coins on June 19, 2011. Then the entity started moving the stash on July 20, 2011.
Prior to June 19, 2011, the 134,897.01stemmed from various batches sent from 14 different senders. Onchain analysis further shows the bitcoins, whether it be the 10,000 spent this week or the original 134K , likely belonged to a single entity.
The transfers between June 2011 up until now, do not show signs of being an exchange, and the whale’s mega stash of 134Kgradually depleted in fractions over the last 11 years. The 10,001 spent this week seems to be the last of the stash stemming from the original 1McUC address.
The 10,001is special because the entity spent tens of thousands of bitcoins in batches between July 2011 up until the end of 2013, but not a single cent of the 10,001 batch was spent for close to nine years. On Tuesday, the blockchain researcher and the admin of the Telegram channel “gfoundinsh*t,” Taisia, said that the 10,000 bitcoins came from the infamous 2011 Mt Gox hack.
“The blockchain visualization clearly shows that in each of the transaction chains associated with both withdrawals, the same wallet (1McUC) actually appears, which received a large amount (134K ) from Gox, just at the time of the described events,” 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.”
Given the events now taking place with the leaders of these two exchanges, if they were involved in the summer cyber attack, it is possible that these old piggy banks are being opened under the influence of law enforcement agencies.
Taisia also mentioned that it was an odd coincidence that these 2011 Mt Gox coins were distributed this week while rumors of the 140,000 Mt Gox bitcoin were spreading like wildfire this past weekend. Bitcoin.com News Mt Gox creditors calling it “fake news.”on the speculation and rumors surrounding old Mt Gox bitcoins three days ago and the number of people and actual
What do you think about the whale that spent 10,001 bitcoin this week and the association with the 2011 Mt Gox hack? Let us know what you think about this subject in the comments section below.