• Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 2998 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Ill-gotten coins</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Mysterious whales</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              Casa CTO <a rel="nofollow" target="_blank" href="#/news/bitcoin-developer-james-lopp-has-a-warning-for-trezor-wallet-owners-after-one-users-alleged">Jameson Lopp</a> has noticed a tidbit&nbsp;in the most recent <a rel="nofollow" target="_blank" href="https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-d2e">CoinMetrics report</a>. It appears that&nbsp;the sixth richest Bitcoin address holds 79,956 BTC (approximately $650 mln at today's prices) that was stolen from the now-defunct Mt. Gox exchange.

<blockquote class="twitter-tweet">
The 6th richest bitcoin address holds $650M worth of BTC that were stolen from MTGOX in 2011 but never moved after that. H/T <a rel="nofollow" target="_blank" href="https://twitter.com/coinmetrics?ref_src=twsrc%5Etfw">@coinmetrics</a> <a rel="nofollow" target="_blank" href="https://t.co/a6ULlz11pw">https://t.co/a6ULlz11pw</a><a rel="nofollow" target="_blank" href="https://t.co/m4e8eW1GvS">https://t.co/m4e8eW1GvS</a> <a rel="nofollow" target="_blank" href="https://t.co/gqHFcqBiGL">pic.twitter.com/gqHFcqBiGL</a>
— Jameson Lopp (@lopp) <a rel="nofollow" target="_blank" href="https://twitter.com/lopp/status/1196794848852037632?ref_src=twsrc%5Etfw">November 19, 2019</a></blockquote>


<a rel="nofollow" target="_blank" href="#">card</a>

Ill-gotten coins

Notably, these coins have been touched since 2011 (the year they were stolen). It was either a very disciplined holder&nbsp;or someone who lost access to their private keys. CoinMetrics states that the latter is the most likely reason behind this eight-year silence.

One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank <a rel="nofollow" target="_blank" href="#">the Bitcoin price</a> to just $0.01 by creating a mammoth-size ask order.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
                
                  
    
                        Ads




                  
    
                        Ads




                
              

<a href="https://u.today/bitcoin-whale-alert-reports-214-mln-in-btc-moved-between-unknown-wallets">card</a>

Mysterious whales

It might be one of the richest addresses considering that the fattest Bitcoin wallets actually belong to cryptocurrency exchanges that use them as a cold storage.

As reported by U.Today, there are plenty of the so-called <a href="https://u.today/top-10-richest-bitcoin-addresses-heres-everything-that-we-know-about-their-owners">"zombie addresses," </a>which haven't seen a single transaction in more than 18 months.

One <a rel="nofollow" target="_blank" href="https://www.blockchain.com/btc/address/1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7">enormous&nbsp;Bitcoin wallet</a> is believed to be in the hands of an anonymous Asian billionaire.&nbsp;&nbsp;&nbsp;&nbsp;
') (Line: 1030)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_6d9d18caa33c92f0e9ed6e986fd56301->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 479)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 628)
__TwigTemplate_94824eadc93e4a1512dfcc7c7b9cd80d->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 52)
__TwigTemplate_ca9ecf502ddd85d5028d55c6a685faec->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 132)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 17)
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3001 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php). 
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Ill-gotten coins</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Mysterious whales</a></li></ul>
                
                  
    
                    



                  
    
                    



                
              Casa CTO <a rel="nofollow" target="_blank" href="#/news/bitcoin-developer-james-lopp-has-a-warning-for-trezor-wallet-owners-after-one-users-alleged">Jameson Lopp</a> has noticed a tidbit&nbsp;in the most recent <a rel="nofollow" target="_blank" href="https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-d2e">CoinMetrics report</a>. It appears that&nbsp;the sixth richest Bitcoin address holds 79,956 BTC (approximately $650 mln at today's prices) that was stolen from the now-defunct Mt. Gox exchange.

<blockquote class="twitter-tweet">
The 6th richest bitcoin address holds $650M worth of BTC that were stolen from MTGOX in 2011 but never moved after that. H/T <a rel="nofollow" target="_blank" href="https://twitter.com/coinmetrics?ref_src=twsrc%5Etfw">@coinmetrics</a> <a rel="nofollow" target="_blank" href="https://t.co/a6ULlz11pw">https://t.co/a6ULlz11pw</a><a rel="nofollow" target="_blank" href="https://t.co/m4e8eW1GvS">https://t.co/m4e8eW1GvS</a> <a rel="nofollow" target="_blank" href="https://t.co/gqHFcqBiGL">pic.twitter.com/gqHFcqBiGL</a>
— Jameson Lopp (@lopp) <a rel="nofollow" target="_blank" href="https://twitter.com/lopp/status/1196794848852037632?ref_src=twsrc%5Etfw">November 19, 2019</a></blockquote>


<a rel="nofollow" target="_blank" href="#">card</a>

Ill-gotten coins

Notably, these coins have been touched since 2011 (the year they were stolen). It was either a very disciplined holder&nbsp;or someone who lost access to their private keys. CoinMetrics states that the latter is the most likely reason behind this eight-year silence.

One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank <a rel="nofollow" target="_blank" href="#">the Bitcoin price</a> to just $0.01 by creating a mammoth-size ask order.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;
                
                  
    
                        Ads




                  
    
                        Ads




                
              

<a href="https://u.today/bitcoin-whale-alert-reports-214-mln-in-btc-moved-between-unknown-wallets">card</a>

Mysterious whales

It might be one of the richest addresses considering that the fattest Bitcoin wallets actually belong to cryptocurrency exchanges that use them as a cold storage.

As reported by U.Today, there are plenty of the so-called <a href="https://u.today/top-10-richest-bitcoin-addresses-heres-everything-that-we-know-about-their-owners">"zombie addresses," </a>which haven't seen a single transaction in more than 18 months.

One <a rel="nofollow" target="_blank" href="https://www.blockchain.com/btc/address/1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7">enormous&nbsp;Bitcoin wallet</a> is believed to be in the hands of an anonymous Asian billionaire.&nbsp;&nbsp;&nbsp;&nbsp;
') (Line: 1030)
Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
__TwigTemplate_6d9d18caa33c92f0e9ed6e986fd56301->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array) (Line: 479)
Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 628)
__TwigTemplate_94824eadc93e4a1512dfcc7c7b9cd80d->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 52)
__TwigTemplate_ca9ecf502ddd85d5028d55c6a685faec->doDisplay(Array, Array) (Line: 405)
Twig\Template->displayWithErrorHandling(Array, Array) (Line: 378)
Twig\Template->display(Array) (Line: 390)
Twig\Template->render(Array) (Line: 55)
twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 384)
Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
Drupal\Core\Render\Renderer->render(Array, ) (Line: 242)
Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 580)
Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 132)
Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 174)
Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 81)
Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 23)
Stack\StackedHttpKernel->handle(Object, 1, 1) (Line: 718)
Drupal\Core\DrupalKernel->handle(Object) (Line: 17)

One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange

Tue, 11/19/2019 - 15:57
article image
Alex Dovbnya
One of the richest whales has never touched all 79,956 coins that were infamously stolen from Mt. Gox
One of Richest Bitcoin Addresses Holds $650 Mln Worth of BTC Stolen from Mt. Gox Exchange
Cover image via 123rf.com
Read U.TODAY on
Google News
Contents

Casa CTO Jameson Lopp has noticed a tidbit in the most recent CoinMetrics report. It appears that the sixth richest Bitcoin address holds 79,956 BTC (approximately $650 mln at today's prices) that was stolen from the now-defunct Mt. Gox exchange.

card

Ill-gotten coins

Notably, these coins have been touched since 2011 (the year they were stolen). It was either a very disciplined holder or someone who lost access to their private keys. CoinMetrics states that the latter is the most likely reason behind this eight-year silence.

One of the biggest security breaches in the history of crypto occurred on June 19, 2011. The hacker was able to artificially tank the Bitcoin price to just $0.01 by creating a mammoth-size ask order.       

Mysterious whales

It might be one of the richest addresses considering that the fattest Bitcoin wallets actually belong to cryptocurrency exchanges that use them as a cold storage.

As reported by U.Today, there are plenty of the so-called "zombie addresses," which haven't seen a single transaction in more than 18 months.

One enormous Bitcoin wallet is believed to be in the hands of an anonymous Asian billionaire.    

#Bitcoin News #Cryptocurrency exchange
article image
About the author
Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

related image Bitcoin Is Not Security, Gensler Reiterates
09/27/2023 - 18:54
Bitcoin Is Not Security, Gensler Reiterates
Alex DovbnyaAlex Dovbnya
related image Binance Coin (BNB) Price Analysis for September 27
09/27/2023 - 18:00
Binance Coin (BNB) Price Analysis for September 27
Denys SerhiichukDenys Serhiichuk
related image Ethereum (ETH) Boosts Altcoin Sell-off as Liquidations Hit New High
09/27/2023 - 16:20
Ethereum (ETH) Boosts Altcoin Sell-off as Liquidations Hit New High
Godfrey BenjaminGodfrey Benjamin