This is the third post of a series of articles dedicated to investigate $ 1B worth of bitcoins (111,114 BTC/BCH/… BXX) that were dormant since 2014 and started moving actively. The BTC coins were originally located at this address (1KyJr2L6CN5XhDfv9Sb5q3kjKwFCrRxTLy).
The origin of the bitcoins is discussed here.
A deep-dive into the wallet activity was discussed here.
Today, I will focus on the transfer to major exchanges wallets that could indicate that the owner is selling his coins or exchanging it with alts or mixing it to cover his back.
I built a graph in order to deep dive into the transactions originated from the 111,114-BTC wallet and to follow it. This is the resulting graph were red indicates transactions <1 day, yellow <1 month, blue <1 year, green else.
I found that at least 15,593 BTC originated from the 111,114-BTC wallet have been moved to Bitfinex and Binance wallets. This represents 14% of the original funds and more that $ 110M.
11,114 BTC have been transferred to Bitfinex wallet 1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g and the majority of these coins have been transferred in the last 7 days (August 24th – September 2nd).
Here is the list of the transactions:
4,421 BTC have been transferred to Binance wallet 1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s and the majority of these coins have been transferred in the last 10 days (August 21st – September 2nd).
Here is the list of the transactions:
I tracked Bitmex as well but "only" found 210 BTC transferred in with the following 6 major transactions:
Also, I have found 350 BTC transferred from Bitmex wallets though, maybe after being "washed out":
Surprisingly BTC price is pumping since those funds were starting to be transferred to Bitfinex and Binance wallets (see Binance transactions' list, August 11th)
How do you think will impact the market?
Do you want me to continue this investigation?
Trading sites such as Coin Asset, TDAX, Bitcoin Co. Ltd., Bitkub Online and Cash2coins have filed for a license with Thailand's Securities and …
Google Alert – bitcoin
Hello, I am a user of Bitflinex. I had a terrible situation – my account was blocked nearly 5 months ago.
I wanted to take advantage of services of the exchange but I failed to withdraw my funds.
I received the following letter on my e-mail: Your account activity has triggered a number of automated risk flags in our platform. This in itself is not a big problem, however when this happens we wish the user to provide some information in order to understand the user's account history and objectives…
The support of the exchange wrote it was just a simple verification of identity. But the problem has taken more than 5 months already and I can’t stand it and wait anymore. Every time the support of the exchange demanded new proofs and varifications. Though, they could make one list with all the requirements at once. They did it on purpose to play for time and not to get my account unblocked. After 3 months of long intercourse correspondence I fulfilled all the requirements for verification of my identity, KYC verification and the origin of my money. But my account is still blocked, the last message from Bitflinex support I received 2 months ago. Since then there has been no more reply.
I am so angry and troubled with the situation. I hope the publicity will help to solve the problem.
Bitfinex has announced that it will launch a decentralized cryptocurrency exchange built on the Eos.io platform. The new platform, Eosfinex, will be the first exchange to be hosted using Eos.io’s decentralized application infrastructure.
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Zhao Dong, a prominent Chinese early bitcoin adopter and shareholder in Bitfinex, recently posted on Weibo seeking to provide anecdotal evidence as to the integrity of Bitfinex and Tether’s financial reserves. The post claims that Zhao Dong and Lao Mao, the chief executive of Big.one, have witnessed first hand the balances of Bitfinex and Tether’s respective bank accounts during a meeting with Bitfinex’s chief financial officer, Giancarlo Devasini. The post alleges that the combined…
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