80,000 BTC That Made Headlines Might be From 2011 Hack, CryptoQuant CEO Says
Main Idea
CryptoQuant CEO Ki Young Ju suggests that the recently sold 80,000 BTC might originate from the 2011 MyBitcoin exchange hack, with the sale handled by Galaxy Digital via OTC deals.
Key Points
1. The 80,000 BTC, dormant for 14 years, was sold via OTC deals by Galaxy Digital.
2. Ki Young Ju links the BTC to the 2011 MyBitcoin hack, citing wallets inactive since April 2011.
3. The assets could belong to either the hacker or the exchange's anonymous founder, Tom Williams.
4. Bitcoin's price remained stable at $117,686 despite the massive sale.
5. The MyBitcoin hack in 2011 resulted in $72,000 in losses and was allegedly organized by the Hack Canada group.
Description
Galaxy just handled massive 80,000 BTC sale; this massive chunk might come from 2011 MyBitcoin exchange hack, Ki Young Ju says
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