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Author Topic: 17000 BTC from 240 accounts  (Read 12874 times)
Mike 71
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June 11, 2011, 03:29:44 PM
 #1

Hello,

i am  mining since 10 days now and just wondered about those block:

http://blockexplorer.com/block/00000000000007d6d8c9ccd1472df92b69ae8bf0d1a06f6f42df8d580a080f0e

someone got 17000 BTC in one transaction from arround 240 Accounts.

Someone has a clue about that?

Greetings
Mike

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DarkKnightNomeD
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June 11, 2011, 03:30:17 PM
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mtgox?
Convery
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June 11, 2011, 03:37:23 PM
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Ye, probably some pool/exchange moving BTC.. if it would be stolen then it probably wouldn't be moved in 50BTC transactions..

Also one transaction for 5450 =P
urtur
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June 11, 2011, 03:38:22 PM
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I'd bet internal deepbit movement.
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June 11, 2011, 03:38:27 PM
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I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
Mike 71
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June 11, 2011, 03:44:40 PM
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Yes your right, produced in 2009.

Must have been 'good old times' Wink
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June 11, 2011, 06:19:39 PM
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Interesting to know.

sigh up at new best competitor of Mt GOX
https://www.tradehill.com/
Referral Code: TH-R1306
Referral Rate: 10.0% of all commissions generated.
qarl
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June 11, 2011, 06:50:17 PM
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I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale?  it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange.  (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)
spectacular
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June 11, 2011, 07:05:46 PM
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I'm new to the game but many accounts to one means someone at least has tons of machines they control where they can aggregate funds.
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June 11, 2011, 07:07:31 PM
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I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.
what makes you think that's some kind of sale?

Look at MtGox trade data a bit after 12PM UTC today and prepare to be amazed...
Someone cashed out nearly a quarter million USD.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
bcpokey
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June 11, 2011, 07:28:46 PM
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I think you guys are focusing on the wrong thing. There was 17000 BTC moved in one transaction, and that jackass paid a transaction fee of .29 bitcoins. What a jerk.
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June 11, 2011, 07:37:21 PM
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I think you guys are focusing on the wrong thing. There was 17000 BTC moved in one transaction, and that jackass paid a transaction fee of .29 bitcoins. What a jerk.

heh.

aceman1011
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June 11, 2011, 08:20:08 PM
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Now we know where all the stolen btc. From MtGox went...

Rent my 800 + mh/s rig. PM me!
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June 11, 2011, 09:29:13 PM
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doesn't each generated block go to a new address?  IE this is someone who had old bitcoins and was like ... oh, i have 250thousand from that silly program I ran years ago... that's nice!  and cashed out?

The reason bitcoin is so valued right now is because of these coins that are not in circulation.  It's a good thing that these old coins are getting back into the mix, it makes the currency more stable the more spread out the coins are.  We have to get this sort of thing out of our system...

Imagine what would happen if some of the people with 100k+ cashed out!

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June 11, 2011, 09:36:33 PM
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doesn't each generated block go to a new address?  IE this is someone who had old bitcoins and was like ... oh, i have 250thousand from that silly program I ran years ago... that's nice!  and cashed out?

The reason bitcoin is so valued right now is because of these coins that are not in circulation.  It's a good thing that these old coins are getting back into the mix, it makes the currency more stable the more spread out the coins are.  We have to get this sort of thing out of our system...

Imagine what would happen if some of the people with 100k+ cashed out!


http://blockexplorer.com/tx/16b292ac07ccde99b022812ff7ad260376b11c6adf7f79f725cea64933d294f8
JoeNZ
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June 11, 2011, 11:45:24 PM
 #16

LulzSec did it.
Sukrim
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June 11, 2011, 11:47:46 PM
 #17

LulzSec would claim they killed the pope if he dies tonight just to get some fanbois to go like this --> Shocked <--

 Roll Eyes

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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June 12, 2011, 05:31:25 AM
 #18

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale?  it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange.  (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)

Because someone dumped about 17,000 BTC on mtgox about 30 minutes after this transaction, driving the price down from 20 to 13. Didn't you hear about it?

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
casascius
Mike Caldwell
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June 12, 2011, 05:46:16 AM
 #19

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale?  it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange.  (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)

Because someone dumped about 17,000 BTC on mtgox about 30 minutes after this transaction, driving the price down from 20 to 13. Didn't you hear about it?

That "single account" may very well have been a receiving address provided by MtGox.  If so, those BTC will sit there up until the point MtGox uses that transaction to pay off a future withdrawal.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
Sukrim
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June 12, 2011, 09:24:29 AM
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That "single account" may very well have been a receiving address provided by MtGox.  If so, those BTC will sit there up until the point MtGox uses that transaction to pay off a future withdrawal.

Hardly, did you even look at it on blockexplorer? These BTC were mined! Some as early as 2009...

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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