Whale Spends 10,000 BTC Worth $203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack

two days’ time, bitcoin’s price dropped to fresh August lows as it dipped below the $20K per unit region for the first time since mid-July. During that time, two addresses created on December 19, 2013, sent 10,000 bitcoin worth $203 million to unknown wallets after sitting idle for close to nine years. Onchain data shows the 10,000 coins moved this week originally came from the Mt Gox breach that occurred on June 19, 2011.

Whale That Once Held 134,000 Bitcoin Associated With the 2011 Mt Gox Hacks Spends the Last 10,000 This Week

A 2013 whale moved approximately 10,001.514 BTC on Sunday, August 28, and on Monday, August 29, 2022. The funds stemmed from two addresses (1,& 2) created eight years and eight months ago on December 19, 2013.

The 10,001 bitcoin transaction was caught by the blockchain parser btcparser.com, a tool that often catches so-called ‘sleeping bitcoins’ moving after sitting idle in addresses for years. Some of the sleeping bitcoins caught by blockchain parsers are BTC block subsidies mined in 2011, 2010, and 2022