Do repost and rate:
Blockchain cybersecurity and intelligence firm CipherTrace reported on Nov. 3 that almost $1 billion in Bitcoin (BTC) was moved from an address associated with the now defunct darknet marketplace Silk Road.
- The wallet address, which has been dormant since April 2015, moved 69,370 BTC (approximately $951 million) through two transactions to a new address of the native segwit format
- The wallet first sent 1 BTC as a test transaction, followed by the remained; CipherTrace suggests that this was to ensure that the BTC was not sent to the wrong address
- Since the BTC was held before the Bitcoin Cash (BCH) and Bitcoin SV (BSV) hardforks, the holder(s) would have access to these tokens as well; both of these holdings have also been moved to new addresses
- While CipherTrace believes that these transfers were likely made to stay up to date with the Bitcoin network, it also stated that hackers could have compromised the wallet
