bitcoin wallet

Dormant $800m Bitcoin Wallet Suddenly Sees Activity


It appears a Bitcoin wallet that contained 111,114,615 BTC ($802 million) that has been dormant since 2014 has just now seen some activity leaving the crypto community wondering of it’s origins and if a big sell off is coming.

Originally brought to attention by Reddit user u/sick_silk, the Bitcoin wallet 15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7 has been transferring BTC to various locations including cryptocurrency exchanges. 11,114 BTC were seen being transferred to a Bitfinex wallet, while 4,421 BTC were transferred to a Binance wallet.

There are several theories floating around, the most viable one stating that the wallet is connected to the now defunct dark web marketplace, Silk Road. The original wallet that the BTC were sent from (1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a) was linked to a Bitcointalk thread made back in 2013 which includes the same exact amount links the wallets to Silk Road, leaving people wondering if the wallet may belong to DPR (Dead Pirate Roberts, an alias of Ross Ulbricht).

u/sick_silk has stated after further investigation the wallet does not seemed to be linked to the wallet the FBI seized (1FfmbHfnpaZjKFvyi1okTjJJusN455paPH) after Silk Road shut down in anyway, so either the FBI have yet to access the wallet, or someone else connected to Silk Road may be the true owner.

Other theories include the wallet being a MtGox cold wallet, a whale’s wallet, or even a wallet owned by anonymous Bitcoin creator, Satoshi Nakamoto. Whatever the case may be, it seems even after the large amounts of BTC transfers over the past 4 days Bitcoin’s price remains unscathed as the Labor Day weekend saw prices pump to just over $7,300.

Follow the investigation and updates on this reddit thread.

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