Two Dormant Bitcoin Wallets Move $180M After Over a Decade
Blockchain analysts report that hundreds of Silk Road-linked wallets, dormant for a decade, have moved millions in BTC, signalling unusual activity in historic crypto addresses.
BTC
Summary
About 312 Bitcoin wallets linked to the defunct Silk Road marketplace reactivated on December 10, transferring $3.14 million in BTC to unconfirmed addresses after roughly ten years without activity. Blockchain analysis firm Arkham Intelligence confirmed these wallets still hold $41.3 million in Bitcoin. This follows recent large-scale movements from long-dormant, high-value addresses, including a Casascius-linked wallet that transferred 2,000 BTC worth $180 million after 13 years of inactivity.
Terms & Concepts
- BTC: The trading ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.
- Silk Road: An infamous online black market that operated via the Tor network, primarily using Bitcoin for transactions, and was shut down by the FBI in 2013.