Sixth Richest Bitcoin Address Holds $650 Million Worth of Stolen Bitcoin from Mt. Gox


The 6th richest whale has never had a hold of the 79,956 coins illegally obtained from Mt. Gox.

Jameson Lopp has recently noticed an irregularity in the latest report from CoinMetrics. It seems one of the richest Bitcoin addresses holds 79,956 Bitcoin (BTC) worth $650 million in today’s market. The cryptocurrency was stolen from Mt. Gox exchange.

The Coins Were Stolen in 2011

As it has been noted, the coins have started to be stolen back in 2011, supposedly from someone who no longer had access to their private keys. CoinMetrics says this is more likely to have happened than the coins to be taken from a disciplined holder as no one said anything for 8 years.

What has been one of the most notable security breaches in the crypto worlds has taken place on June 19th, 2011. The person who hacked the system managed to set the Bitcoin price at only $0.01 through the creation of a mammoth- sized ask order.

There Are Many Mysterious Whales

The richest addresses holding Bitcoin wallets belong to crypto exchanges and used as cold storage. There are many addresses that haven’t seen a transaction in over 18 months. One of the biggest Bitcoin wallets is known to be owned by an Asian billionaire who wants to remain anonymous.

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