Sudden new largest bitcoin address as of 10/25

[derpinheimer]

1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

Has received 144,336.39429472 BTC today, with a starting balance of 0

What is this?

DPR?

[impulse]

1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

Has received 144,336.39429472 BTC today, with a starting balance of 0

What is this?

DPR?

Exchange cold wallet?

[SheHadMANHands]

~ $25 millie

DPRs $80 millie was never accurate.  $25 could be..

[derpinheimer]

So what is the reasoning for the 354BTC transactions?

[impulse]

So what is the reasoning for the 354BTC transactions?

Just looking at this on blockchain.info. Interesting. Why 324?

[derpinheimer]

Looking back in the transactions a bit, these go back to some old addresses...

Im no good at digging this stuff, but.. what might that mean?

Example: https://blockchain.info/address/1M2TBBkAESfiyKsmqDKsLxD6oC4bvM8WQx

Looks like a bunch of 10k+ addresses fed this one.

[Walsoraj]

Probably related to a gambling site

[SheHadMANHands]

Be nice if someone could run an analysis of the blockchain, and see if it links back to the Altoid posted address.

[C. Bergmann]

This is part of Bitcoins' Magic. The crowd can look into the wallet of the rich and spekulate about it ...

To make this thing more scary, there is a coincidence with a new conspiracy theory about the silk road bust, which I thin is untrue, but gains value as a storyboard. Maybe you know, http://www.reddit.com/r/SilkroadUNcensored/comments/1p0ogt/time_to_let_the_cat_out_of_the_hat/

Its written in weird language, so I give you the details: He claims, SR was not seized, but all was a scam. In the days before the socalled seizure, there would have happened a lot of complain by users, they couldn't logg in, couldn't free their coins, etc. Theory is, the admins just run away with the money.

I don't believe this theory, but I like it, cause the storyline is 2 big 2 fail 2 make me brainrisseling ... this adress would be the top of the story

[MAbtc]

I thought that story was some pretty awesome conspiracy theory porn, but I don't know how believable it is.

[tysat]

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

Looks like it's the FBI's address

[derpinheimer]

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

Looks like it's the FBI's address

Holy shit!

I hope we see them get sent to gox, bitstamp, and china lmfao

[tbcoin]

we always thought that would be very expensive for the authorities  buy large quantities of btc and then destabilize the price, but steal it is free ....

[SheHadMANHands]

Coincidence of the timing of this news release?

[johnyj]

GHash.IO collecting payouts?

[Minor Miner]

Just for clarity, they are NOT the FBI's bitcoins now.   Like all seized assets, IF the accused is convicted (that takes some time although less time if he has no money and is going to use a PD) then the FBI will liquidate these seized assets.   Cash, they keep.   Everything else gets auctioned off.   It is likely these BTC wallet(s) will be auctioned IF a conviction is achieved.

[N12]

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

Looks like it's the FBI's address

Now we know what's up. 144k BTC for the FBI.

All your BTC are belong to US.

[Hfleer]

Can anyone confirm any of the addresses?  It looks like there's a note on some of the transactions.

[MAbtc]

Just for clarity, they are NOT the FBI's bitcoins now.   Like all seized assets, IF the accused is convicted (that takes some time although less time if he has no money and is going to use a PD) then the FBI will liquidate these seized assets.   Cash, they keep.   Everything else gets auctioned off.   It is likely these BTC wallet(s) will be auctioned IF a conviction is achieved.

That's not necessarily true. It may be true in most criminal forfeitures, but not civil forfeitures. The government in this case, AFAIK, can file a civil forfeiture case in parallel to the criminal case, suing the property, and if Ulbricht can't prove they aren't proceeds of illegal activity, they are the government's. No need for conviction in that case. No idea what they are doing, though.

[Raoul Duke]

Good. 170k BTC out of the market.
Up, up, up!