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80,000 BTC Transfers from Old Wallets: Insights from Ledger's CTO

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by Giorgi Kostiuk

4 hours ago


Recent transfers amounting to nearly $9 billion worth of Bitcoin from Satoshi-related wallets have stirred considerable interest within the crypto community. Ledger's CTO, Charles Guillemet, shared his insights on the situation.

Mysterious Ownership Notice

Charles Guillemet reported that days before the transfers from eight 2011 wallets occurred, those addresses received a mysterious ownership notice. The notice claimed that the sender considered the wallets abandoned and offered the owners a chance to prove their activity with an on-chain transaction by September 30.

No Evidence of Wallet Hacking

Guillemet stated that he does not believe the eight wallets were hacked, though it remains theoretically possible. He also mentioned that the notice was sent not only to these wallets but also broadcasted to many dormant Bitcoin addresses.

Theories and Speculations

Guillemet suggested several potential explanations: first, it could simply be a coincidence that the transactions happened at this time; second, the true owners of the wallets might have withdrawn their funds in response to the notice; third, some addresses may have dubious origins, and someone is trying to fabricate a narrative of hacking to avoid proving the legitimate source of the funds.

The situation surrounding these Bitcoin transfers remains mysterious and raises many questions. Discussions about ownership rights to old wallets underscore the complexities of legal positions in the cryptocurrency world.

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