80,000 BTC SAGA is finished. Major broker Galaxy Digital has completed a massive sale of shares via commercial (OTC) trading. Cryptoquant CEO Ki Young Ju reveals that the deal that shook the Crypto world could be linked to hacked exchanges.
Satoshi-era Investor or Exchange Hacker? 80,000 BTC Whale Encryption CEO
The widely debated 80,000 Bitcoin (BTC) (approximately $9.4 billion at its current price) was sold through OTC transactions handled by top-tier digital asset broker Galaxy Digital. At the same time, the Crypto community doesn’t know who the mystical BTC whales behind these transfers are.
The recent transfer of 80,000 BTC dormant for 14 years came from a wallet hosted by MyBitcoin.
The wallet was inactive since April 2011 before Mybitcoin collapsed in that July hack. It could probably belong to a hacker or an anonymous founder known as Tom…pic.twitter.com/gj8r7xw0sa
– Young July 25th,
Ki Young Ju, CEO and founder of leading on-chain analytics service, Cryptoquant, announced that these Bitcoin (BTC) could be linked to the 2011 Mybitcoin hack, one of the first crypto exchanges.
According to a statement shared by Ki Young Ju with his 422,500 x followers, the transfer came from a wallet hosted by MyBitcoin. The wallet has been dormant since April 2011, two months before the exchange suffered a catastrophic hack.
Meanwhile, the asset could also be moved by an anonymous owner of the exchange known as Tom Williams. On August 4, 2011, Williams confirmed the Huck and announced the launch of the “workout” procedure.
Mybitcoin Hack, allegedly organized by the Hack Canada Group, suffered a loss of $72,000. So after 14 years of dormant, hackers or vanished owners sat at 130,500 times the ROI.
Bitcoin (BTC) prices cannot respond to large sales
Ki Young Ju acknowledged that Galaxy Digital may not organize forensic procedures before proceeding with such a transaction that could be related to hacker attacks.
Galaxy Digital confirmed their involvement in the transaction, but called the client “Satoshi-era Investor” and avoided disclosing their identity.
Galaxy has completed more than 80,000 Bitcoin sales, over 9 billion, based on current market prices of Satoshi-ERA investors representing one of the earliest and most important exits from the digital asset market.
In a press release, a representative from Galaxy added that the deal is part of investors’ broader real estate planning strategies.
Bitcoin (BTC), the biggest cryptocurrency, remains calm after the announcement. Crypto King’s price was $117,686, an increase of 1.2% over the past 24 hours. The market capitalization is approaching $2.35 trillion.