THELOGICALINDIAN - The crypto prices accept alone already afresh afterwards a wallet that has been abeyant for four years sees new activity
As abounding are already aware, the contempo contest in the crypto apple accept had able after-effects on the prices of agenda coins. Not alone has the absolute year been apparent by a consistently bearish market, but alike back a balderdash run was at hand, abrogating contest dead it.
The best contempo such accident has apparent new action in an old wallet, which is abounding with old Bitcoins. Some letters affirmation that the wallet contains about 111,140 BTC, which is 0.52% of the absolute BTC supply. Recently, the wallet started sending ample shipments of bill to assertive crypto exchanges, namely Binance and Bitfinex.
Who is Behind the Wallet?
The buyer of the wallet is unknown, but the Reddit user u/sick_silk, the one who originally noticed the wallet action back it aboriginal started happening, has speculated about who ability be responsible. According to sick_silk, it could be a bang that aims to agitate the bazaar or could be an article from the aphotic web’s online atramentous market, Silk Road.
Other speculators alike proposed the achievability that the wallet’s buyer ability be Satoshi Nakamoto himself. Whoever it is, the actuality is that the wallet has acquired a lot of issues in the contempo weeks. Its funds accept been breach into abate and abate groups of bread over time. Sick_silk noticed this as well, advertence that the bill were originally breach into chunks of 60,000 BTC, and again to 30,000, 20,000, and so on. Now, BTC is organized into chunks of alone 100 bill anniversary and is accessible to be delivered to exchanges.
According reports, sick_silk has been alive adamantine in an attack to acquisition the wallet owner’s absolute identity. So abundant so, that they managed to affix the wallet to Dread Pirate Roberts, the Silk Road’s creator, additionally accepted as Ross Ulbricht. Not to acknowledgment the belief about the wallet and the funds acceptance to Mt Gox, or alike the hackers that hit Mt Gox aback in the day.
They estimated appropriate after in the post; it's an old MtGox whale, different to Silk Road.
— WizSec Bitcoin Research (@wizsecurity) September 4, 2018
Sick_silk alike provided the aisle they followed during the investigation, and added can be apparent here.
In the end, cipher knows who absolutely is abaft the wallet and the contempo activity. At least, not yet. while there are abundant possibilities, speculation, and alike affirmation that would abutment several theories, there is still no absolute answer.
The alone affair that we can acquaint for assertive is that the bang has been agreeable the bill into abate chunks and carrying some of them to assertive exchanges. This is affecting the crypto apple strongly, and it prevents BTC from recovering. What is the end ambition here, and how will it affect the market, in the continued run, is anyone’s guess.
