Bitcoin

April

<figure> 
 <figcaption>
   Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<p lang="en-GB" xml:lang="en-GB">According to a recent tweet posted by @PeckShieldAlert crypto analytics account, the fifth largest <a href="https://u.today/1-billion-bitcoin-liquidations-shock-market-here-are-key-price-points-to-watch-right-now" rel="noopener noreferrer nofollow">Bitcoin</a> address may be controlled by an entity that is believed not to favor the world's premier digital currency much.</p> 
<h2 id="here-s-who-controls-2-46-billion-in-bitcoin">Here's who controls $2.46 billion in Bitcoin</h2> 
<p>@PeckShieldAlert tweeted that the aforementioned wallet is controlled by the U.S. government, and it currently holds a whopping 94,643 BTC worth approximately $2.46 billion.</p> 
<p>This Bitcoin was seized by hackers who attacked the Bitfinex exchange in the summer of 2016.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a> The 5th largest <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> wallet, holding 94,643 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> (worth ~$2.46B currently), is believed to be under the control of the U.S. Government.The seizure address is directly linked to the 2016 <a href="https://twitter.com/hashtag/Bitfinex?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitfinex</a> Hack. On February 1st, 2022, 1CGA4s transferred ~567.5 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>… <a href="https://t.co/J7ai1vVruK" rel="noopener noreferrer nofollow">pic.twitter.com/J7ai1vVruK</a></p>— PeckShieldAlert (@PeckShieldAlert) <a href="https://twitter.com/PeckShieldAlert/status/1696454779348922656?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 29, 2023</a> 
</blockquote> 
<p>A married couple&nbsp;— Ilya Lichtenstein and Heather Morgan&nbsp;— <a href="https://u.today/bitfinex-bitcoin-heist-suspects-reach-plea-deal-with-prosecutors" rel="noopener noreferrer nofollow">was arrested for conducting a hack on Bitfinex</a> and scooping up almost 120,000 Bitcoins from it in August 2016. Now, this amount of BTC is worth more than $4.5 billion. Back in 2016, all these Bitcoins cost $71 million.</p> 
<h2 id="hackers-moving-hundreds-of-millions-of-usd-in-btc-before-their-arrest">Hackers moving hundreds of millions of USD in BTC before their arrest</h2> 
<p>They were taken into custody in New York last year after the police managed to trace their wealth back to the crypto hack of the aforementioned major exchange.</p> 
<p>Before their arrest, in February 2022, they <a href="https://u.today/part-of-almost-130000-btc-stolen-in-2016-bitfinex-hack-just-transferred-to-anonymous-wallet" rel="noopener noreferrer nofollow">moved large amounts of Bitcoin,</a> and these transfers did not escape the attention of Whale Alert crypto tracker; two 10,000 BTC lumps were moved, each worth more than $383 million.</p> 
<p>Back in April 2021, the hackers transferred a similar amount of funds and had been, overall, moving small portions of the stolen BTC since 2016, trying to be careful and not expose themselves.</p> 
<p>In 2020, Bitfinex even offered a deal with a $400 million reward to those who could help it hunt down the exploiters and return the stolen Bitcoins to the platform. That was not successful, however.</p>

5th Biggest Mysterious Bitcoin Wallet Owner Is Somebody Totally Unexpected: Report

Table of Contents

U_Today

Other articles published on Aug 29, 2023

Shibarium hits 100k wallets milestone amid relaunch

Elon Musk Demonstrates Game-Changing Self-Driving Tech

New Proposed Regulations for Cryptocurrency Brokers Released by U.S. Treasury Spark Mixed Reactio...

South Korea Mandates 30% Reserve for Crypto Exchanges to Deter Illegal Activities!

Dragonfly Leads FirstMate’s $3.75M Round for NFT Storefront Builder

NFT market witnesses lowest transaction volume in two years

Join our free newsletter for daily crypto updates!