Ghost of MyBitcoin Hack? Galaxy Brokered Whale Sale Stirs Satoshi-Era Theories
Main Idea
Galaxy Digital facilitated the sale of over 80,000 Bitcoin, valued at approximately $9.7 billion, sparking market reactions and speculation about the coins' provenance.
Key Points
1. Galaxy Digital brokered the sale of 80,000 Bitcoin (worth ~$9.7B) between July 18-25, 2025.
2. The Bitcoin involved may be linked to the 2011 MyBitcoin exchange hack, though this remains speculative.
3. The transaction caused Bitcoin's price to stabilize around $117,000 post-sale.
4. Galaxy Digital's involvement as a regulated entity has added credibility but also scrutiny to the sale.
5. The sale sets a new precedent in the cryptocurrency market and raises questions about the origin of the coins.
Description
In a landmark transaction, Galaxy Digital has facilitated the sale of over 80,000 Bitcoin—valued at approximately $9.7 billion—on behalf of a long-dormant investor. This unprecedented move has reignited speculation about the origins of these coins, with some analysts linking them to the infamous 2011 MyBitcoin exchange hack. The sale, executed between July 18 and July
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