Nearly $1.1 Bln in Bitcoin (BTC) Moved Between Unknown Wallets, Bitfinex CTO Says It’s Hot Wallet Refill
The altcoin rally seems to be over for now and the crypto market is in the red with just Bitcoin Diamond (+10.61 percent) and Augur (+55.27 percent) and a couple of little known coins standing out, as per CoinMarketCap.
Meanwhile, the Whale Alert Twitter account is spreading the word about a gigantic transaction in which 123,447 Bitcoin was moved between two unknown wallets. The Bitfinex/Tether CTO Paolo Ardoino has stepped in to stop the speculation in the comment thread and says this movement of funds was an internal Bitfinex transaction.
? ? ? ? ? ? ? ? ? ? 123,447 #BTC (1,097,343,503 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) January 15, 2020
Tx: https://t.co/LhtaWPMrxI
Over $1 bln in Bitcoin moved
According to Whale Alert, 123,447 BTC ($1,097,343,503) was transferred between two unknown wallets. In the comment thread a discussion went off as to who could have initiated this gargantuan transaction with the first suspicion falling on self-proclaimed Satoshi Nakamoto, Craig Wright (CSW).
Craig?
— F.Keita⚽ ?? (@Wavyslime) January 15, 2020
Recently, he stated the private keys to a 1-mln BTC stash were delivered to him by a courier from the Tulip Trust – that is approximately $9.5 bln at the current rate. This Bitcoin was mined by Wright together with his now passed former partner – IT expert Dave Kleiman.
However, evidence emerged, proving that it was not CSW.
An internal Bitfinex transaction
The CTO of Tether and Bitfinex, Paolo Ardoino, joined the discussion and put an end to the speculation by saying that this was an internal refill of a hot wallet within Bitfinex.
It's a 1.5k BTC refill of hot wallet and resulting change address movement.@whale_alert anyway this can be improved ;)
— Paolo Ardoino (@paoloardoino) January 15, 2020
In a comment that followed, Whale Alert also stated that this was ‘the change of an internal Bitfinex transaction’.
$66 mln in Bitcoin moved to Binance anonymously
As reported by U.Today recently, several large Bitcoin transactions were conducted between unknown wallets and the Binance exchange, totalling $66 mln in Bitcoin. In three out of the five transfers, the same wallet with an unregistered owner was used.
Back then, seeing what Whale Alert had reported, some users were expecting a Bitcoin price drop.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Related articles
Gamza Khanzadaev
Arman Shirinyan
Dan Burgin
Vladislav Sopov