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Sunday, January 17, 2021

Mysterious billion-dollar transaction sees dormant bitcoin wallet return from the dead

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A mysterious bitcoin wallet – the fourth-largest in the world – has unexpectedly been emptied. Wallet address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx held 69,369 bitcoins, equivalent to approximately $955 million, before a huge transaction suddenly took place, sending funds crashing to near zero.

It is currently unclear who moved the funds but the account is believed to have potential ties to the Silk Road marketplace that was shut down in 2013. The Silk Road’s founder, Ross Ulbricht, was sentenced to life imprisonment two years later.

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