Bitcoin Forum

According to my source (Blockchain Whispers), there was a wallet that was on sale at dark markets 'and no news have come into the markets yet' but it looks like the wallet has been decrypted and it had over a billion USD worth of btc in it and all the funds have been moved. Has it anything to do with the elections? Will there be a price hit 'or one of the biggest dumps in btc's history' to follow? A secret news brought to you exclusively by me and BCW, I will do everything to get into the roots of it. Don't panic till you officially see this at some reputed crypto news website, but save your ASSes by maintaining your open positions if you have any, seems huge volatility coming around.

More news to follow...

EDIT: News from the source - "1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx - this wallet moved their funds. You can check for yourself. This wallet was featured on Vice as one on sale by hackers for decryption in September. I got the info SUPER EARLY. The first really... thanks to follower D... minutes after... just I was checking info for you. Now we wait for major sites to figure out what happened. That's why I'm writing the wallet for them. as they want to act smart when reporting... here you go guys!"

Source - https://t.me/blockchainwhispersbaby

Updates:

1. The very first transaction received on the hacked wallet was of BTC69471 in April, 2013 - https://www.blockchain.com/btc/tx/5d9ef693d41cb3bb4c6d98e70ea8b2cc91be29a804245a06ec8761d9cddc103c

2. The very first transfer done through the hacked wallet to 1PLbnu8oYYyyXftkCBW4so6KHNKkpnexCB with 0 fee was of BTC101 in April, 2015 - https://www.blockchain.com/btc/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff

3. The hacked wallet tested sending BTC1 to bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 with BTC0.05775 as fee (over $800 as I'm writing this) on 04/11/20 - https://www.blockchain.com/btc/tx/0d13a52e3b640d05cdf31b41f335b327f126cb79d9eec1e2bc46556ef30a0b57

4. The hacked wallet finally sweeps away the remaining BTC69369 to the same address bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 with just $12 in fees for a transfer (move) of a billion dollars worth btc - https://www.blockchain.com/btc/tx/3f036ff88bb851b57a1e28780dbce35a6457a8b57995c095b55b3b0cf48ba9fd

This is the power of transparency and a public ledger. And don't forget, we were the first and even the fastest news breakers (even before a professional crypto news website published it). Enjoy the low-side ride.

thats interesting! this is the reason why we dont need to store our coins in third party wallets. if they are already moving the funds, owners should have noticed it by now. and definitely these hackers will be using mixers before the news explodes

at any moment, we will learn what btc wallet you are talking about here...

Do not mix this with a third party wallet hack, I said that this wallet had $1 billion worth btc in it already and the owners did not have the private key or seed to decrypt and use it, so they put it on a dark market for sale, so the buyer tries to decrypt it. But it seems the hackers have already done the job and after decrypting the wallet, moved the funds out of it. This wallet was one of the oldest and top 10 wallets, please read the post carefully before you react to it.

And it is not possible to use mixers because exchanges will not allow them to get away with that money if they go the mixing way. OTC is the only way ahead and it is also highly likely that the owners of that wallet may have been waiting for the right time to do this and this time when US elections are going on, is the perfect time to do this.

I just saw the wallet above that has moved this 69k btc it is really fantastic value it's fair it's worth 1 billion USD.
How many wallets are sold on the black market? if the buyer is able to do this by trying the decryption it will get rich quick, lol.
I can't stop thinking if someone buys and does this with success, with no seed and private key then it's a tremendous difficulty but for hackers will know how to outsmart it because in every gap there must be an opportunity for them.

The price though is being pumped right now, closing in to $14k.

I try to search the community with that bitcoin address,

69,000 Bitcoin Transaction? (https://bitcointalk.org/index.php?topic=172929.0) - 2013

Back then there's a lot of speculation as who own the bitcoin address, someone says it's from DPR (Dread Pirate Roberts), I'm sure you are familiar with that name.

Watch out, let the news come out. It is not even published officially and you see the price, it looks like a double top is being made on the charts.


They believed that it was 'just a move and the owners were playing around'. This one is more intense as a move specially during the election days.


Ross Ulbricht? Wasn't he sentenced to life prison and is currently in jail?

There is also a change that the original owner decided to move the funds as it was taking too much heat from underground hacker forums? Even in this community, these address is supposedly being sold.

I still have my doubts that it was cracked or brute forced, as there are not enough computing power up to this time for breaking it.

One of the disadvantages of 3rd party wallet or exchanges is they can control your funds like what we are seeing right now with Okex. my funds have been there for almost 3 weeks and because of their unable to withdraw maintenance, I cannot do anything but wait for them to resume their withdrawal. Now I think of it, This is what the other members said. when they say never leave your crypto assets on exchanges no matter how famous they are.

Even the blockchain itself was being attack so meaning it is possible for tha hacker to attack. However, that may ne a difficult task because every platform had increase their security level.to avoid getting breached of their system. Still there is a slight percentage that hackers could still make their way to access even to the most secured platform.

Was the 1 BTC just a test transfer? I'm just asking out of curiosity.

Hmmmm there are other wallets involved sending to the latest address holding 69K BTC. I don't know if the purpose is to confuse anyone who is trying to investigate or make them believe it's just another "regular" wallet.

Same thought here but I'm still interested where this story is going to end up.

You said it yourself that the only way these bitcoins could be disposed of is OTC. Deals over there doesn't affect exchange prices right? I would expect a drop if the news says 69K BTC moved to exchange ABC but who knows how speculators would take this once it's out in the open. It also depends on how the news writers spins it.

We can speculate a lot from this. But for now what happened was just a movement or a transfer right? And not on an exchange where it could possibly be dumped.

I don't think this is related to the elections. If it were, I think it should have been done much earlier, before the election day comes. Would the funds still change the potential result at this minute?

Will wait for updates on this. For now, there seems to be nothing much to worry but, as you've said, open positions should be maintained.

why do you think there is a hack involved?
all you provided were a bunch of transaction IDs from the blockchain showing that some coins moved from one place to another and the guesswork you read on some telegram group!

where is the real owner? where is the proof of that? where is the proof that this was sold on dark market and was real not just some fake file containing malware like they always do? where is the proof that this was actually cracked? and what kind of weak ass encryption was it using that it got cracked?

Don't be too hasty to take a position on this. What makes you conclude it was a hack and that it wasn't the owner moving the funds? Again, the wallet could even be an exchange wallet and the exchange moved it to a more secured wallet. We all should wait until news emanating from such activity hits the media officially from more reputable sources before we draw conclusions. If that truly is a hack, then we obviously will experience a massive dump in days to come. Until then, my fingers are crossed.

@2double0 probably isn't referring to affecting the election results but the fact that people's attention would be there and the moving of $1 billion worth of BTC would go unnoticed (or less noticed). If this was done on a regular slow news day, people would have dumped by now.

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Bloomberg already published it - Bitcoin Haul of $1 Billion on Move, Possibly With Silk Road Tie (https://www.bloomberg.com/news/articles/2020-11-04/-1-billion-of-bitcoin-possibly-linked-to-silk-road-on-the-move)

To those who are looking for the Vice article in the OP (wallet sold in the darmarket) - Hackers Are Trying To Break Into This Bitcoin Wallet Holding $690 Million (https://www.vice.com/en/article/bv8k4v/hackers-are-trying-to-break-into-this-bitcoin-wallet-holding-dollar690-million)

This part is from the article on Vice. Too much lucky when cracks it or the real owner of that wallet played around. If it is a wallet in last 3 or 4 years, the wallet with more than 69000 bitcoin, wallet passphrase could be a strong one and impossible to crack (as Vice article). Although it is a very old wallet I still think the original owner did not set a too weak password.

Weird that it is one of the wallet being sold here: wallet.dat 13+ = 25$ (https://bitcointalk.org/index.php?topic=5268685.0).

But we're not sure if this wallet has been really cracked by someone though, and I don't think it has something to do with the US presidential elections though. As of this time, it is not clear, no one is coming forward to claim that he indeed break it, or the owner just move it.

It's possible that the person who owns the wallet is moving the funds to protect himself from the hackers. They have not tried to mix the Bitcoin which would be a clear sign that a hacker was behind the transfer. We will have to wait and see where the BTC moves from here to have a better idea of what the reason was for moving such a large amount of coins.

They write that this wallet was passed between hackers for about two years.
Here's a tweet message. https://twitter.com/UnderTheBreach/status/1303316723186139136?s=20
And there are also suggestions that the owner is Ross Ulbricht.
From the same wallet, they write that Bitcoin Cash was withdrawn https://www.blockchain.com/bch/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

Whenever I hear about the hacked news , most of the times as it turns out it's the problem with the safety measures taken by the person who has been using them. If he did have that much money , couldn't he would have invested in a good hardware wallet ?

- If you do have more than a certain amount you have to buy a good hardware wallet and make sure to avoid the third party sites.

Not your keys , not your wallet
We have heard this like millions of times !
But implementation : 0

At the end of the day blockchain is just another technology, now this goes without saying that we might have someone who will soon find the flaws , but as I see here it was the fault of the wallet and the owner alike.

Yes many read those reminder but unfortunate not every can deal with the hassle for transferring on different wallets that's why many choose to use a less secured wallet since many think that they cannot be compromised since they are aware with different scamming and hacking schemes around.

But since this issue exist the best thing we can do is to be careful and not to put any huge amount that we can't afford to lose on any wallet whether they are trusted or not.

This is all interesting news, and it is great that we got it firsthand on here. Now it seems that this is starting to get coverage. As of now this is the latest update on this (here (https://coincrunch.in/2020/11/04/1b-of-bitcoin-moved-from-silk-road-wallet-for-the-first-time-since-2015/)). However, the info is quite limited and I expect there's only a matter of time until this gets a full media coverage.

According to this other than Ross Ulbricht being the founder of Silk Road otherwise known as the 'dark market' and in jail there's yet no other link to him and the possibility that this might have been his wallet.
What would be prudent right now is to watch the market for a dump  :-\

I do not think that this wallet could have been hacked by someone! Such large transactions happen from time to time... There are rumors that this wallet is connected to Silk Road, someone says that it is connected to MtGox...
In any case, someone has moved them to a new SegWit address...

We can't say for sure, who knows whether it was the hacker or the owners that moved those bitcoins. But it connected to silk road.
The market may panic sell if those coins get into exchanges, but first it has to enter the mixer, then lost track of it.

69,370 Bitcoin from an address associated with the Silk Road darknet market.
According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace, which was shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.

“These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”


https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015

That is a lot of bitcoin and hope that the owner of that wallet is responsible for the security of his account because we know the hacker will do everything to open our wallet to send our assets to their wallets to get more money so we need to be vigilant and don't give some information about you because it is one of the cause for you to lose your funds once they have access to your wallet and I hope no more wallet will be hack like this.

In my opinion some government agency cracked it or hackers working for the police or the government.

Transparency and a public ledger is slowly becoming a privacy problem.

Too much FUD about this address.

https://www.vice.com/en/article/bv8k4v/hackers-are-trying-to-break-into-this-bitcoin-wallet-holding-dollar690-million

It seems the wallet.dat has been "allegedly" on sale in many forums and sites. If it's the real one and not a fake that's a different discussion.

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Also have a question:

Seems 1BADznNF3W1gi47R65MQs754KB7zTaGuYZ (https://www.blockchain.com/btc/address/1BADznNF3W1gi47R65MQs754KB7zTaGuYZ) was one of the first addresses to fund the address in the OP.
That transaction happened in 2013 https://www.blockchain.com/btc/tx/5d9ef693d41cb3bb4c6d98e70ea8b2cc91be29a804245a06ec8761d9cddc103c and had 0 fee for 69471.08220100 BTC

Made me wonder how come 0 fee. All I found was a reddit post (https://www.reddit.com/r/Bitcoin/comments/1c0r98/16_mio_transaction_on_20130409_at_210041/?utm_source=share&utm_medium=web2x&context=3) and could not understand the logic.
Unless the mempool is pretty empty why would miners "want" to add 0 fee transactions and is there really a correlation between how old the transaction input is and associated fee ?

Are you trying to say that the owner just transferred the funds to show that they can move a billion dollars for a very small fee of $12? It was not worth a billion dollars back in April 2013, was slightly worth between $8.5mn to $13mn as the price of btc was $123-$182 in those times. And in those days, miners used to include 0 fee transactions too in their mined blocks but this does not seem to have anything to do with this move at the moment.

I have studied information on this movement of bitcoins. If this was a wallet hack, then the coins would be sent to multiple wallets.


https://bitcointalk.org/index.php?topic=5160025.msg55169454#msg55169454
Here user humerh3 writes that: "I can give this wallet for free".
This suggests that a fake is being sold on the Internet.

There is not enough information yet to say that the wallet was hacked.

I am aware of bitcoin's price.
And no, my question was not regarding the current movement, but regarding that old transaction from 2013 of ~69500 BTC  with 0 fee which came from an address conected with the one in the OP.
Was just curious in general... because the concept is the same: mine blocks with higher fee first. Unless he was also mining back then and manually added that txo in the block he found or mempool not that full. Not sure if mempool size was an issue in 2013. Not sure and just wanted to know 😁


Indeed, usually  coins are sent to multiple wallets after a hack. From my own experience such weird movement could be one of two things: someone moving funds in a more secure wallet or just to show he has access so can call CSW a fraud

I've heard several bitcoin-hack news. Can wallets from an app like imToken, Trust wallet, and MetaMask be hacked? Or are they always exchange wallets?

It's always interesting to see huge amounts moving from one wallet to another wallet. We can speculate that it's just the "owner" moved the funds to another wallet without any intention of dumping it. Cmiiw, aren't those wallets owned by the government already after they've arrested Ross and seized those bitcoins? or it's a different wallet, I barely remember. Again, this gives worry that whenever funds like this moves then we're expecting a possible dump would come but come on, we always see bitcoin recovers quickly whenever it does.

We will be reading more conspiracy theories here very soon. But really interesting where will those huge amount of btc will go afterwards. So something to watch out for here.

I don't think this is a case of wallet hack here. It seems the owner himself is doing the transaction, from what it seems.

Why do you assume that the owners or the hackers are from the US? If they are not why do you think moving it on this day had something to do with election in the US?

There's really nothing that would prove that there's a connection between the wallet and the election.

Because of the above I think there's too much baseless speculation around this wallet. That person could be moving coins to a hardware wallet and is now reading this and laughing.

The price rose above $14k already.


$1B of Bitcoin from Silk Road wallet moves for first time since 2015 (https://cointelegraph.com/news/1b-of-bitcoin-from-silk-road-wallet-moves-for-first-time-since-2015)


So everyone is just speculating here, so we shouldn't assume that it was hacked or something. Until we get a clear picture whether Ross or someone close to him move it on his behalf.

Definitely I agree with your opinion. The problem with third party wallet is that your keys can be controlled. This is why in cryptocurrency, there is a motto that talks "Not your keys, not your wallet". Yes we can able to withdraw our btc but when there are maintenance in exchanges, there will have a problem. In fact, there is a chance for us not to withdraw or lose our money in exchanges. Okex is a good exchange but after this incident, I could say that they lose the trust that their users give to them.

If its hacked then those transactions would be put up in multiple address and not just directly into a single one.So i dont really believe that this one is a hacking incident.Its really hard to make up conclusions though
yet there are various reasons on such movement.


Hate to deny but in times like these where price is skyrocketing, there would be always some negative news that would come along.

This is the sweetest time to make some huge sell-off? Yes it is... For now there's lots of speculations and the best thing we can do is to wait up for some
verification or official announcement or whatsoever.

the internet is filled with such files that claim to contain the keys to a lost fortune and the "owner" is selling it to others for a small amount so that they can get rich! literary all the top addresses from the "richlist" are already in some fake file being sold as "hacked" or something like that. with OP's logic they must all have been hacked :)

it makes sense since all the hack cases always end up did the same thing, spread the coins into numerous wallets.
Those 69,370 bitcoins associated with the silk road, which means whoever owns the wallet can't freely move it into exchanges or mixer without being traced, all the time.
it happened in April but there is no movement yet to date, well just chill about it.

So which wallet was that? Because you said one of the top ten wallets were hacked, it thought you were going to mention which wallet it is. By the way, I feel sorry for whoever it is that owns the wallet that was hacked.

This shows that no matter which wallet you’re using, you don’t just feel relaxed because you’re using a wallet that claims to be most secured, you still have to play your own part by maintaining some privacy and making sure that you’re not leaving traces online that will be of any help to hackers and scammers.

Just a quick note on this - https://cryptoadventure.org/the-us-government-seized-69369-bitcoins-worth-1-billion/

According to Bloomberg's report, these coins were seized by the US government and it is confirmed that the coins were not hacked.

Isn't it coincidental that the price of bitcoin reaches $15,000 and we have these movement of wallets? But that would be another conspiracy theory if we're going to connect this move to the price action of bitcoin.
Whichever is the real thing behind these moves, the wallets and the price, only one feeling that we're having is to happily seeing it moves to another level which is the $16,000.

If a huge amount of coins started to move during a bear market then we should expect a correction and now we have all the the reports coming out about huge amount of coins started to move but the market tend to neglect these and the price of bitcoin started to break all the resistance without much issue and that is not surprising considering what we used to see in the past during a bull run.

Nothing is coincidental because all the news surrounding the crypto field were mostly positive but I was quite surprised how markets didn't react to the news that came about the BTC69k btc move when it was published 'without any proof of a hack or a possession of Gov'. Or do you think that the price was initially getting down when it rejected $14200 and came down $500 in some hours?

Maybe that's already the pull back that we're expecting when we see moving up of bitcoin. A correction that was too small to notice and then it has quickly recovered afterwards. It's just too good to see that this time when we have this big moves of funds yet there's no affection from the market and the opposite did happened.

This is what I'm saying, it's the opposite of what we're expecting to see and it's positive on our end.

We speculate about this matter but it turns out like this, which means this address bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 (https://blockchair.com/bitcoin/address/bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6) belongs to the US government now. they are bitcoin whale after seized those coins.
in the same way as in the past (https://news.bitcoin.com/u-s-marshals-auction-completes-the-sale-of-3800-btc/), bitcoin in authorities' custody will be sold at the federal auction (https://news.bitcoin.com/government-bitcoins/). at least we know, it won't be dumped into the market anytime soon.

What remains the real question is why right now this hacker has decided, as they say, to hand over what he has kept for years? Obviously there was that “money or life” thing, but again the question remains why the hacker didn’t try to disguise the trail and save the BTC for himself, because he had years to figure out how to do it. He could be a hero, a digital Robin Hood who could anonymously make tens of thousands of people happy and share everything with them, which would certainly be nobler than rubbing the neck of a fat goose. At least we see that the US is in step with the technology, they use a native-segwit address :)

As for those who are afraid that these BTCs will be sold at some point, there is no need to worry - they will be bought by some big investors at auction, as was the case before - they will certainly not be dumped on the open market.

It seems that the US isn't just in step with technology but with enough of a trail, they were able to gain access to the so-called "Individual X" and somehow had enough leverage on him to pry those bitcoin out of him. That is pretty scary. It also doesn't feel like that "Individual X" was much of a hacker. If he had been, this condition would not have arrived that the authorities traced the wallet's owner and then forced the keys out of him. He was probably someone who just happened to be in possession of the wallet but found himself in the clutches of authorities, either recently, or maybe from the beginning.

With the ~144,000 BTC initially siezed from Ross/ Silk route, the total stands at over 210,000 BTC that the US authorities had access to due to the Silk Route investigation. The mystery now is the capitulation and fate of "Individual X".