One of the top 10 btc wallets hacked?

[2double0]

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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

These coins have nothing to do with Satoshi coins, so how can CSW be called off a fraud here? I don't support him either, but these coins are not from Satoshi's treasure.

My apologies to everyone, I think this move was either due to 2 reasons:

• Sent them to a btc buyer in an OTC deal where they tested first by sending 1 btc to make sure they don't send it to the wrong place and then the remaining ones, or
• Sent them to their own 'new wallet' to secure their coins in a SegWit environment and take the advantage of cheap fee later.  

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.

[blockman]

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.

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.

[7788bitcoin]

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.

[2double0]

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.

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?

[blockman]

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.

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.

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.

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

[error08]

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.

We speculate about this matter but it turns out like this, which means this address bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 belongs to the US government now. they are bitcoin whale after seized those coins.
in the same way as in the past, bitcoin in authorities' custody will be sold at the federal auction. at least we know, it won't be dumped into the market anytime soon.

[Lucius]

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

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.

[amishmanish]

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

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

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".