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CryptoQuant CEO: 80,000 BTC Recently Moved After 14 Years of Dormancy Possibly Linked to MyBitcoin Hackers or Founder's Wallet
Summary: In a tweet, CryptoQuant's founder and CEO Ki Young Ju stated on X platform that tracking the recent movement of 80,000 BTC after 14 years of dormancy revealed that these bitcoins may have originally come from wallets hosted by MyBitcoin. These wallets have been inactive since April 2011, until the platform was hacked later that ...
In a tweet, CryptoQuant's founder and CEO Ki Young Ju stated on X platform that tracking the recent movement of 80,000 BTC after 14 years of dormancy revealed that these bitcoins may have originally come from wallets hosted by MyBitcoin. These wallets have been inactive since April 2011, until the platform was hacked later that year (reportedly in August 2011, MyBitcoin suffered a Bitcoin theft incident and subsequently declared bankruptcy). These wallets likely belong to hackers who attacked the platform, or possibly to the anonymous founder of MyBitcoin named Tom Williams. It appears that Galaxy Digital has acquired these bitcoins, but it is uncertain if they have conducted any forensic work on them.
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Link: CryptoQuant CEO: 80,000 BTC Recently Moved After 14 Years of Dormancy Possibly Linked to MyBitcoin Hackers or Founder's Wallet [Copy]
