For the last 11 years, a mysterious wallet associated with the Mt Gox scandal has sat dormant holding close to 80,000 bitcoin worth $3.7 billion today.
While the Mt Gox scandal bitcoins held by the trustee are interesting and everyone has been waiting years for these coins to be released, eventually the bitcoins owed to claimants will be distributed, and it’s not likely the transfer will move the price.
The wallet has never sent any bitcoin out of the address and it’s received a great deal of dust transactions since it was created on March 1, 2011.
The stash of 80,000 BTC is well known for being stolen from Mt Gox as the former CEO of the exchange, Mark Karpeles, explained it was a known recipient of stolen BTC.
Six days ago on March 29, 2022, 11,325 bitcoin moving from unknown wallets created in 2014, moved to a great number of different addresses.
That month it was reported that Craig Wright, the man who claims to be Satoshi Nakamoto, allegedly had his legal team send letters about the “1Feex” bitcoin wallet.
The infamous “1Feex” bitcoin wallet has been a mystery for years, and the funds inside are now considered so-called ‘sleeping bitcoins.’ If these bitcoins do move, they will surely be caught by onchain parsers and blockchain forensics teams, and whoever moves them will be suspected of being involved with the Mt Gox breach.
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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