Summary
- A Bitcoin whale wallet that had been inactive for eight years recently moved 500BTC.
- The amount of Bitcoin in question was about $1.3 million in 2017, but is now valued at around $58 million.
- This large-scale transfer is believed to pose a serious risk in terms of privacy.
A Bitcoin (BTC) whale wallet that had been inactive for about eight years recently moved 500BTC.
According to Bitcoin.com on the 31st (local time), 50 individual wallets belonging to the dormant whale simultaneously became active, transferring a total of 500 BTC. The holdings were worth about $1.3 million in 2017, but are now valued at approximately $58 million.
The media outlet added, "This transfer appears to be accompanied by a significant level of risk regarding privacy."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
