Ki Younger Ju, CEO of cryptocurrency evaluation platform CryptoQuant, has put ahead a outstanding concept concerning the latest 80,000 Bitcoin transfers.
Stating that these BTCs have been moved after remaining dormant for 14 years, Ju claimed that the funds first originated from the MyBitcoin pockets service, which collapsed in 2011.
Ju made the next assertion on social media:
The most recent switch of 80,000 BTC, which had lain dormant for 14 years, initially got here from wallets hosted by MyBitcoin. These wallets had been inactive since April 2011, earlier than MyBitcoin was hacked and collapsed in July 2011. It’s extremely probably that these BTC belong to both the hacker or the nameless founder, Tom Williams.
Ki Younger Ju additionally famous that these BTCs seem to have been bought by Galaxy Digital, however she is not sure whether or not the agency has carried out any forensic evaluation.
Galaxy Digital, in the meantime, introduced that it had accomplished one of many largest nominal Bitcoin transactions in historical past. The corporate accomplished the sale of over 80,000 Bitcoins on behalf of a consumer.
In keeping with Galaxy, the transaction, presently valued at over $9 billion, was made as a part of a legacy planning technique for a Satoshi-era consumer who was considered one of Bitcoin’s early buyers.
*This isn’t funding recommendation.