A sequence of 11 transactions totalling 11,325 bitcoin was caught by blockchain parsers on March 29. These transactions were made from unknown wallets that were created in 2014. They then moved to an enormous number of addresses. Onchain analytics suggests that the Cryptsy thief may be responsible for the bitcoin cache worth $540million today.
11.325 Bitcoins Are Moved From Dormant 2014 addresses, Assets May be Linked To CryptsyTheft
The theft of the Cryptsy may have accounted for a large amount bitcoin that was stolen from 2014-created wallets. Paul Vernon, the now defunct cryptocurrency exchange lost digital assets worth millions of dollars at the close of 2015
At the beginning of January 2022 the U.S. Department of Justice (DOJ), announced Vernon’s indictment for allegedly embezzling $1 million from digital currencies wallets. The DOJ said Vernon, otherwise known as ‘Big Vern,’ stole from accounts between May 2013 and May 2015 and proceeded to deposit the stolen funds into his own bank account.
Funds moved March 29, 2022 from BTC wallets created July 29, 2014. Btcparser.com captured the entire action and processed all 11,325 bitcoin at block height 729.587. Whale Alert. “The massive amount of activated dormant [bitcoin] in the previous posts are possibly linked to the Cryptsy hack/theft,” Whale Alert tweetedTuesday. Clustering data from oxt.me also suggests that the 11.325 bitcoin could have come from Cryptsy.
Fed Seizure Speculation Rises, ‘Big Vern’s’ Whereabouts Are Still Unknown
For more than seven decades, bitcoin was sitting in a safe place. Some people have since discovered the stash. suspectThe U.S. government may have crypto. The speculation derives from the recent Bitfinex hack coins that moved this year, coupled with the coincidental and recent DOJ indictment of ‘Big Vern.’ However, unlike the Bitfinex hack coins that consolidated into a single address, the transfers processed at block height 729,587 were sent to a wide range of addresses.
The account forwarded 1,000 BTC to 59 addresses. The address transmitted 1,325 BTC on Tuesday at 6:35 p.m. UTC. At the time of transfer, the 11,325 bitcoin was worth $540 million using today’s BTC exchange rates. Vernon is currently on the run, even though Vernon was indicted and he has been charged by the DOJ.
According to the Miami New Times, Vernon’s girlfriend and her boyfriend travelled to China in 2016. That was according to Vernon’s wife at the time, and following that report, Vernon allegedly spoke with the Miami New Times in an exclusive interview. According to ‘Big Vern’ before the alleged interview, 13,000 bitcoin was stolen from the exchange. Also, the exchange claimed it also lost 300,000.litecoins.
“We shut down the website and file bankruptcy, letting users file claims via the bankruptcy process and letting the court make the disbursements,” Cryptsy’s announcement said at the time. “Or, somebody else comes in to purchase and run Cryptsy while also making good on requested withdrawals.”
The promises made were not fulfilled and there may have been a link between the 11325 bitcoins that changed hands on Tuesday afternoon and 13,000 BTC taken from Cryptsy customers.
How do you feel about 11,325 Bitcoin that could be linked to Cryptsy’s exchange theft? Comment below and let us know how you feel about the subject.
Images CreditsShutterstock. Pixabay. Wiki Commons. Miami New Times 2016.
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