Bitcoin Forum

So there is 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF address that has 79,957.2607018 BTC in it and there is no single output from this address. It seems the owner of this address do not spent a single BTC however, it is still accumulating.

I don't know what conclusion one can make about this address. Is this a person, a company or something else? How come that much money can be accumulated in one address and never been spent? Or there is something I don't understand?

Over the past year, there have been numerous threads about this address and a lot of others, and it's believed that the respondents might have lost complete access to them, as most of the address only have input transaction and no output.
https://bitcointalk.org/index.php?topic=140356.0
https://bitcointalk.org/index.php?topic=1899012.0
https://bitcointalk.org/index.php?topic=5391257.0

It looks like the address belong to the Mtgox hack. It's difficult to say whether the owner is still accumulating tho, it could be just random individuals sending money there.

https://news.bitcoin.com/bitcoin-cold-case-the-tale-of-the-dormant-wallet-with-close-to-80000-btc-from-mt-gox/

The conclusion is that the owner of this wallet doesn't want you to know anything. Why are you asking such question on this child board. A wallet is something personal even we have the details on the Blockchain. We should not try to invade into its details unless we are certain out that the wallet is of a scammer. Creating such shit topic on this board doesn't make any thing relevant for newbies. Stop focusing on any wallet and start working on having such a wallet.

This is definitely an account set up to used for accumulating bitcoin. I checked through the address on blockchair and the owner is definitely using a DCA method to accumulate. The owner does at least a little top every week with as little as 0.00001btc. This has been going on for the past 12 years now.

Personally this seems like a good way of accumulating bitcoin but the problem I have will be having lots of these funds on a single wallet. On security and privacy perspective I don’t feel it’s ok.


There is no limit to how much or number of bitcoin that an address or wallet can hold. Basically even the entire 21 million bitcoins can be on a single wallet. This is actually one of the biggest advantages of bitcoin wallet over even fiat banks. Just that the risk of losing of everything on one wallet is adviced

I doubt this assumption is the best possibility answer, the address has a name of fees which is something that might be related to services that ask for fees. It might be one of the long running service on Bitcoin or someone just spamming it. It’s very hard to believe that someone with that huge amount of Bitcoin for 12years will never spend a single satoshi and accumulate with a very low amount?

He is already a billionaire rn if the owner of this wallet still have access on it. Buying 0.00001btc for DCA doesn't make any sense.

This old thread disputed the claims that it was from Mt Gox hacks.

Maybe the owner might have lost access to the wallet or is no more alive. Those coins cost less than a dollar when it was accumulated. The wonder of hodling :)

Apparently, it isn't so. This particular address is being labeled as the receiving address of the Mt. Gox hacker. These new deposits are not coming from the owner. Neither are they done for the sake of DCA. This address already contains billions. It is pointless to add some cents or a few dollars worth of Bitcoin to it. It is even ranked among the richest Bitcoin address. These small deposits are either dusts or deposits done by some random people.

Firstly it's not your business to make any thing out of it one of the reasons why people leaves the traditional financial system to go into crypto-currency is to support anonymity and not you trying to deprive the person off that and I believe expect there is a reason like fraud or crime then the discussion can be open but now it's just an account of which the owner may have several other account he can use to sustain him/herself and this account would be mainly for hodling.

Well, most of the websites including blockchain.com tagged this address as Mtgox hacker (https://www.blockchain.com/explorer/addresses/btc/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF) wallet address. I don't have much idea about when mtgox was hacked or what but here I got a chat history (https://twitter.com/fluffypony/status/1271471545790222336/photo/1) which was right after the deposit and they claim mtgox was hacked and `~80k BTC was stolen. The screenshot says it was from March 03, 2011. Don't know who is who lol. The tweet says Craig Wright claims to own the address lol but he doesn't have the private key. This fraud is trying to claim all the dormant addresses but who care as long as he doesn't have the key?

Come on. Who on earth would buy this small amount when he owns 80k BTC lol? This small amount we see is sent by on-chain analysts so they can track them fast. There are many people keeping eyes on such addresses and these small amounts are the result of that.

It could likely be a person. Companies especially public ones have to declare their assets and people can make educated guesses on which it is. Individuals do not have to and can stay totally under the radar.

It's simple; create a cold wallet and only send to it but never send out. It's not so difficult to do.
Also note that the address started accumulating many years ago when Bitcoin was muh cheaper than today.

It's a weird address for sure, so many Bitcoins and they never tested an output. Maybe this account is no longer accessible by the owner himself? Who knows.
You will not find anything on Internet regarding this as everyone who will be making blogs on this, is just sharing a speculation or their own thesis. No facts available.
So I wouldn't even bother myself to look around for this information.

OP, you don't need to think about that address, we've seen that address discussed here, since 6 years ago, I'll quote one of the discussions about that address.


You can take one conclusion the whale that owns the address is dead or lost the key and another response, maybe.

OP, what is clear is that you don't need to bother for that, the important thing is to think about yourself for the future to trade or invest in Bitcoin.

I don’t quite get the date thingy either (transfer date vs official hack date), but Mark Karpelès (former Mt. Gox CEO) recently stated on twitter (https://twitter.com/MagicalTux/status/1686319162447085570?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1686319162447085570%7Ctwgr%5E8ecbe1d60a316962a579e254c9417c315ee804d5%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcrypto.news%2Fformer-mt-gox-ceo-breaks-silence-on-1feex-address%2F) that:

I figure Karpelès should be in condition to prove his allegations as to Mt. Gox’s bitcoin wallet’s addresses, going into more solid prove beyond what twitter can represent.

See: https://crypto.news/former-mt-gox-ceo-breaks-silence-on-1feex-address/

You could accumulate more BTC in it You could get 21 million BTC (That's impossible because you know the reason you can not have the 21 mil BTC but just imagine) only in 1 address so what's the matter here which you are not understanding? Crypto wallets have no limitations to hold money (talking about BTC wallets). What I think: You say one should not accumulate all of his money in a single Bitcoin wallet address. Instead, they should divide that money into different wallets. Well tbh, that's good practice but it seems like this is not an ordinary wallet address as its a Vanity address

Just asking, If the owner of this wallet lost the key to this address then why would they be accumulating their assets in it why did they not change the wallet to store BTC instead of storing them in this wallet?

There is this great blog post from WizSec which goes into great detail how this wallet got the 79k bitcoin and how they came to the conclusion that the funds are indeed from a Mt. Gox hack. While it is true that a majority of their BTC was stolen at a later date there was actually several other thefts that occured throughout 2011.

https://blog.wizsec.jp/2020/06/mtgox-march-2011-theft.html

Funny related story: Since Craig Wright claims to be the true owner of the said BTC address, having stated that it was his address and that he lost control of it in 2020, during a hack on his computer, there are people that flip this fairy tale around, reading that he is therefore a/the hacker of Mt. Gox:
(2011 I figure)
See: https://decrypt.co/153279/bitcoin-developers-say-craig-wright-admits-to-stealing-millions-in-bitcoin-from-mt-gox

Not a new boomerang argument though, as the same arguments have been used since 2020:
https://fullycrypto.com/1feex-wallet-claim-gets-craig-wright-in-hot-water

There are 517 UTXOs so far for that address with a first transaction is in March 2011 according to Bitcoinwhoswho.com (https://www.bitcoinwhoswho.com/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF).

Most of its balance comes from its first receiving transaction in March 2011. The rest transactions are all just small or dust.

History (https://bitinfocharts.com/bitcoin/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF-full) and the first receiving transaction (https://bitinfocharts.com/bitcoin/block/111194/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF) of that address.

From what i understood on this it appears that Me Wright claims to be the owner of this address and allegedly stole this amount of Bitcoin from the Mt Gox exchange in 2011. Beside that he didn't attempt to move any of the Bitcoin until he lost control of his wallet in 2020. This seems unreal to many as it's difficult to believe that someone would hold onto such a large amount of Bitcoin without making any trades especially considering the price move for Bitcoin over these years with such an amount. The address seems dead and it's unlikely that anyone with control would leave it untouched unless they have a strong reason like being extremely wealthy and setting this address as a reserve and emergency.

Yes, that address hodls more than $2 billion worth of Bitcoin in today's market. I saw that there are funds (in dust) still being sent to it intermittently without any output/withdrawal from it. I'm struggling to find an explanation for that as to what could be going on there. Again, whoever that owns that wallet; (that's if they're still alive), has a double diamond hand. How can someone intentionally leave such a gargantuan amount of money? If they're consciously hodling, it's not what I would want to do anyway or advise anyone to do, to hodl all they've for that length of time without taking profit at some point. Nah, that doesn't make business sense to me.

In spite of the mistaken claims given earlier in this thread, it is well established that the address contains funds taken from MTGox.  This has been well known to the Bitcoin community for most of a decade, but sadly the post quality here has become so poor that you can't even count on people to respond with well known facts.

A quick google would have quickly answered your questions: https://blog.wizsec.jp/2020/06/mtgox-march-2011-theft.html

As far as the ongoing tiny payments, dust payments to high value addresses is a common form of spam on Bitcoin.  If you look at the payers you'll see that many of them also pay dust to many other high value addresses.

hi there! suppose someone got access to the private key of the 1Feex address. What do you think would be the correct course of action. Send it back to someone from Mt. Gox and keep, let's say, a modest 30% bounty or just throw away the key? ... 🤷

I'd suggest to spend it all as mining fee and then wait for the authorities to compensate you after figuring out whether or not you had anything to do with the theft, otherwise you can never actually spend anything from that address, but if you want to throw away billions just like that, be my guest.

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I guess it would be a good idea for the hackers to come clean, but man my man, %30 is too much, if you are the hacker, take %10 and make a deal. just calculate 8000 BTC with current price, you'll have more than enough for next 10 generations.

Doing DCA to accumulate BTC by this person is a very great one. If all BTC lover can do this, all BTC  will hold BTC no matter how small it is.



I think holding that huge amount of BTC in a single wallet is risky. God forbid, if such wallet is hacked, that means the person has forfeited almost all his/her life savings.

Pst, do you realize that's a %50 premined scam sig you are wearing while garbage posting right? Lol please take a look at the posts on the same page you are posting. OMG. Where is Dan Pedro something, his/her methods are useful on this board.🤣

Does anybody follow this address on electrum

I just created a watch-only Electrum wallet to verify that there are no outgoing transactions spending outputs from 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF (https://mempool.space/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF). You know the drill: don't trust, verify! This takes less than a minute (I didn't count).

Why do you ask? Why should anybody follow the fate of this address, except for the initial funds being apparently stolen from Mt.Gox?

I don't think if anyone can give you a rightful detail about what's going on in that wallet.
Since it's not tkureiand not mine maywr can just move on and let it go.
If I can remember there has also be existed topic pertaining this Very wallet address.
Although I dear what would be the intention of the owner. I think it maybe some sorts of community wallet account with a solid agreement to hold and accumulates as much without tempering it untill a period of time to execute a great and a massive goal.
Hopefully the testimonies for the achievement would be credited with honour to bitcoin given such privilege.