The recent movement of 80,000 Bitcoin after 14 years has raised many questions in the crypto community, linking this transaction to the MyBitcoin hack and the involvement of Galaxy Digital.
Unexpected Bitcoin Transaction
In surprising developments on the crypto market, 80,000 Bitcoin were moved after sitting dormant for 14 years. According to CryptoQuant CEO Ki Young Ju, the transaction may be connected to the infamous MyBitcoin hack or potentially to one of Bitcoin’s early founders. The wallet address, which dates back to the early days of Bitcoin, had never made a single outgoing transaction until now.
Galaxy Digital Involved in the Deal
Adding to intrigue, Galaxy Digital is being reported as the buyer of this massive Bitcoin cache. While the company has not officially confirmed the purchase, several sources suggest they facilitated or acquired the transfer through over-the-counter means.
Potential Market Consequences
If these coins are truly tied to the MyBitcoin hack, legal and regulatory consequences might follow. The ownership and provenance of early coins are difficult to prove, complicating any recovery or enforcement efforts. For now, this remains one of the most mysterious and historic Bitcoin moves of the year, with the crypto space closely watching.
The movement of 80,000 Bitcoin highlights the importance of tracking cryptocurrency history. This event raises new questions about ownership rights and regulation.
