Bitcoin Forum

Just take a look at this: https://www.blockchain.com/btc/address/16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY
That was almost two billion dollars. Why would anyone use the same address to transfer that crazy amount? And who would own such a wallet? An exchange?

A pool or maybe bitmain.

dates to  March 2014  bitmain started dec 2013

flows like a pool wallet or a bitmain wallet.

there is this service called walletExplorer which has been doing some blockchain analysis for a long time. if you search addresses in it, they can tell you which service these popular addresses belong to.

it says this address belongs to BTC-e.com which was a big bitcoin exchange back in the days before FBI closed it down.
here is the link: https://www.walletexplorer.com/wallet/BTC-e.com-old?from_address=16R14EH4v8A9GPXkAAP8gcMFBA8oxA8nbY

I owned that wallet lol ;D

Yep, maybe it's a pool. There is no balance in the wallet, and it's already sent to the other wallet. And the last transaction was on 2014-07-19 which mean, the wallet now is not being used anymore for the transaction.

If the FBI closed it down what happened to those coins that is in the wallet? Those are big amounts, did the FBI confiscated the wallet?

I didn't hear antyhing about Bitcoin wallet hack until now. So there is nothing important here. On the contrary as you can see this transaction he or she gather all BTC's from another adress together;

https://www.blockchain.com/btc/tx/464e44287ea2646005d9c294a0c6f5d0d00c788378a409541f5749071d54dbec
https://www.blockchain.com/btc/tx/1d031bb1174b7a1f471ed4bd5992149ba05e345860c2c0935419dcede5cc45cf
https://www.blockchain.com/btc/tx/e288da6f001275845641593b529730cae4840a8b93a479d0a4d71cea7c09928f
https://www.blockchain.com/btc/tx/470afee158756f27b711d3f76e579d833af88883bfd05647f2a714b063afb3b0
https://www.blockchain.com/btc/tx/bce4939e4bac056550a03f830524ccd0ed6782bb86a924635c36440f880ccabf
... And its go on...

I think it is cold wallet :) So there is nothing to afraid of.



I wish I was... BTCBTCBTC My precioussssssss  ;D No one can stole from usssss :D

From The lord of the rings...

As I remember people were able to withdraw their coins and only a CEO was accused in financial crimes.
btc-e once was one of the major echanges and after those mentioned issues they were opened again as WEX exchange but they didn't get the same amount of users and now they are probably closed.

There's no balance left in that address. I hope that FBI didn't confiscated that, it's a big amount. I think that's a pool wallet. That amount is so big, well me, when I have btc in exchange and wanted to send it to my wallet. I'm very careful sending that even though it's just .004 btc or something. But, if they send that to a different address, it's a big loss.

Transaction made in 2014, so it's not worth 2B at that time.
I think it's usual when a person have that much btc in 2014, CMIIW

Yup, that's pretty normal, especially big exchanges and mining pools moving their balances around addresses that they hold for storage and other purposes, and during those days, that exact amount in BTC isn't even valued $2-B, but nevertheless it's already a huge sum.


I'm sure users have withdrawn their balances from BTC-e before they were ordered to close down. The only confiscated wallets I know of were that of the Silk Road that was also auctioned off after the trials.

I wonder what happened and if the users are still chasing for their crypto.
It is a huge amount after all and I think that it belongs to the user's why didn't they send it back ?
It is their money after all they earned it I think they should have it back.

that particular address was emptied back in 2014 the FBI thing and btc-e's closure was a much more recent event. i can't recall the exact year but it was either 2017 or 2016 which is at least 2 years after that wallet went empty.
also btc-e has been working under a different name (wex or something like that) ever since and people could access their accounts a while after btc-e was closed in the new site.

That wallet definitely belong to an exchange may be binance or bitman because that huge amount can not be transferred using just one single address, but the date is way back and no one will option in transferring such huge amount in just one single transactions and sending to a single account.

Am I stupid or does the 'don't put too much in one address' make little sense?

Most people keep their backups in the same place with the same method. If it gets compromised everything's going to be toast. If it's over a million paper wallets around the world then there's a chance a fair few will get lost.

I'd rather stick with one address or seed that I know is thoroughly thought through.

2 billion!  :o :oThe amount is very fantastic, I have never even imagined such a value in a transaction. I think it's one of the biggest investors we've seen so far. This will be carried away on my dream tonight.

I don't think that the owner of this amount is just a one person, because we are talking here about 2 billions of dollars, which it's an extraordinary amount, also the transactions were made in 2014, so it's so old and I think it's a pool or bitmain.

Well it possible that that wallet is own by either an exchange or even a hacker because in that year there was a lots of scam who make away with hug amount of bitcoin, because no person will want to risk such a huge amount in just a single transactions and to just one destination.

it is a very large amount, and with such a value it will be able to influence prices in the market, but the owner has not yet known it, and it could be Satoshi Nakamoto.

sometimes when you have too much bitcoins, it doesn't make much sense to put it in fifty different addresses. specially when you are already handling thousands of addresses.
of course i am talking about this case which is obviously an exchange service. they have multiple cold storages which they keep coins in. and of course that is why when they get hacked a lot of money goes up in smokes at once.

Yeah i was thinking that it was pretty old. But seems like they had really fishy business models to behave that.

Moving two billion in a single transaction, now that's something. I wonder if anyone would move an even larger amount in a single transaction today or especially when Bitcoin's price reach the roof again. Now that is a pretty interesting doubt i have.

i think you need to check the links first before posting a comment next time.
there was no "2 billion transfer in a single transaction", you are just making an assumption based on the title of this topic. if you go to the link posted by OP you can see that $2 billion (which OP is rounding up from $1.9) is the total received in 4333 transactions.
besides, transaction sizes this big are not uncommon for exchanges' cold storage wallets. check out Bitfinex cold storage on rich list for an example.

You're right. Total received 475,363 BTC. The last transaction has been performed on July 19, 2014, transferring 9,141 BTC.

At that time, the Bitcoin price was about $650. I just calculated the entire amount in US dollars and got another result:
475,363 * $650 = $308,985,950 (~300 million dollars)

I'm realizing where the OP numbers coming from. Today's BTC price is $4000:
475,363 * $4000 = $1,901,452,000 (~2 billion dollars)

In any case, the final balance is 0 BTC, and this Bitcoin address is already empty. :)

A large possibility that is an exchange.
Question: How did you get that far?

Are you daydreaming that someday you want to have it?
They are running a business so it will just be normal.
Besides, not all of that is their property. Mostly, it would be their customer.
2 bitcoi per user could take you to that high amount.

I think this is pool. This amount is too big to hit of an regular or big time investor and I think to have some money you have to invest almost 75% of that digit. And I think no one will invest even the most crazy gambler in this industry will think first before investing that kind amount of money.

This wallet is likely to be that of an exchange platform , the transactions were dated back to 2014 which means they have probably stopped operations. The wallet is no longer having any balance and probably not in use anymore. That was a huge sum back then but not 2 billion as claimed.

Total BTC Received was 475,363.75803763 BTC and that was way back in 2014 when the average Bitcoin price was about $600.  ::) ..so the movement in that wallet was about $285 000 000 at the time.  :P

BTC-e exchange users were given enough time to withdraw those bitcoins when it was closed down, but having a hot wallet on an exchange with 4333 transactions, must have been risky with that amount of coins.  ::)

Funny enough, would you just spare Nakamoto for this or better yet read the comments here before posting.

I think you're the one day dreaming.

---

Never heard that BTC-e exchange actually, but good thing they let their users to withdraw their money and didn't get that away or at least people should be thankful to FBI.

I made sure that the wallet belonged to a well-known company, because in a very large fund transaction, he moved almost 2 million dollars at different times. this is a very fantastic number of transactions in 2014.

It seems like he is the millionaire who invested all of his shares in crypto. And I think he has benefited a lot from buying a lot of bitcoin in the year around 2015

If you take your time reading the first page of this thread and those post above you, then you'll be able to know who's the owner of that wallet, it's not an individual but a certain exchange named BTC-e which happened being accused by FBI, good thing that they've manage to allow their participants to withdraw their coins before it closes the exchange.

Yeah that is the reason why. In fact, the price is constantly changing but it's truth that it's now empty and that it should be calculated based on the time when the transaction was performed or executed.

Since it's empty right now we can get to that conclusion. But it's good to see things from the eyes of another person to understand their point of view and i believe that it is a really important skill. Since we human being tend to be more emotion than rational beings.

At the end it's still a pretty impressive amount. And if they kept even half of their coins it's impressive how much profit they got.

It's not $2B since the date of the transaction was in 2014 and the price of Bitcoin at that time was $300 to $800 but still, it's a large amount of money if converted to fiat. Just like what they said at the top it was owned by BTC-E a famous exchange before but shut down by the government. It could be a mining pool or a backup wallet.