$540 Million Worth of ‘Sleeping Bitcoins’ From 2014 Move — BTC Possibly Linked to Cryptsy Theft

On March 29, blockchain parsers caught a sequence of 11 transactions totaling 11,325 bitcoin moving from unknown wallets created in 2014, to a great number of recipient addresses.

The DOJ said Vernon, otherwise known as ‘Big Vern,’ stole from accounts between May 2013 and May 2015 and proceeded to deposit the stolen funds into his own bank account.

“The massive amount of activated dormant in the previous posts are possibly linked to the Cryptsy hack/theft,” Whale Alert tweeted on Tuesday.

The speculation derives from the recent Bitfinex hack coins that moved this year, coupled with the coincidental and recent DOJ indictment of ‘Big Vern.’ However, unlike the Bitfinex hack coins that consolidated into a single address, the transfers processed at block height 729,587 were sent to a wide range of addresses.

Even though the DOJ indicted Vernon, the former Cryptsy CEO is still on the run and no one knows where he is located.

That was according to Vernon’s wife at the time, and following that report, Vernon allegedly spoke with the Miami New Times in an exclusive interview.

Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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