For the past 11 years, a mysterious wallet linked to the Mt Gox scandal has been dormant holding nearly 80,000 bitcoins worth $3.7 billion today. While the wallet was once the sixth largest address a few years ago, today it is the ninth largest wallet in terms of holding bitcoin, and the money has never been spent since the first deposit on March 1, 2011.
The mysterious “1Feex” wallet and 79,957 Bitcoin
On April 1 reports claimed That 6800 BTC has moved from the cold Mt Gox wallet, but later the wallet was specified As F2pool’s cold wallet. The allegations led to a lot of speculation and rumors about the so-called transfer and even some reports on the subject from the media, which were later corrected. While the custodian’s scandalous Mt Gox bitcoins are interesting and everyone has been waiting years for these coins to be issued, eventually the receivable bitcoins will be distributed to the claimants, and the transfer is unlikely to move the price.
The reason for this is that even though there is a good amount of bitcoins, it will be distributed to many bitcoin holders of all kinds of fractions and quantities. Some people may sell and others may hold bitcoin for a longer period of time. However, there is another more risky wallet which is also linked to the Mt Gox stock exchange and its downfall. The wallet is known as the “1Feex” Bitcoin wallet and it currently holds 79,957.21 BTC worth $3.7 billion. The wallet has never sent any bitcoin from the address and has received a significant amount of dust transactions since its inception on March 1, 2011.
A stock of 80,000 BTC is known to have been stolen from Mt Gox, with the former CEO of the exchange, Mark Karpeles, making it clear that he was a known recipient of the stolen BTC. This 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF address is known as [the] He got about 80,000 bitcoins stolen from MT Jukes in March 2011,” Karpeles wrote four years ago. While no one knows who owns 1Feex, the wallet can wake up from sleep at any time. In fact, there have been two major awakenings this year as thousands of stolen bitcoins moved for the first time in years.
Thousands of Stolen Sleeping Bitcoin Woke Up in 2022
On February 1, 2022, the stolen Bitfinex coins were transferred to an unknown wallet and after 23 transactions, the wallet held about 94,643.29 BTC. A week later, the US Department of Justice (DOJ) revealed that law enforcement authorities seized a cache of 94,643.29 bitcoins from a New York couple. Six days ago on March 29, 2022, 11,325 bitcoins moved from unknown wallets created in 2014 to a large number of different addresses. The funds, valued at $540 million at the time of the transfer, are suspected of being linked to the Cryptsy theft.
Bitcoin wallet “1Feex” was also discussed in mid-July 2020 amid the trial of Kleiman v. Wright. That was the month mentioned That Craig Wright, a man claiming to be Satoshi Nakamoto, claims his legal team sent messages about the “1Feex” bitcoin wallet. On June 12, 2020, former Mt Gox CEO Mark Karpeles, chirp about the message. Since then, discussions about the 1Feex bitcoin wallet have faded away from the spotlight. Seven days later, after discussions on Twitter, Bitcoin security specialists Weszek A comprehensive blog post related to the Bitcoin wallet “1Feex” has been published.
While it is less than the recent Bitfinex hack, the BTC stolen in the “1Feex” bitcoin wallet is much more than the Bitcoin spent of the recent Cryptsy heist. The infamous “1Feex” bitcoin wallet has been a mystery for years, and the funds inside are now considered “sleeper bitcoins.” If these bitcoins move, they will almost certainly be caught by onchain analysts and blockchain forensic teams, and anyone who moves them will be suspected of being involved in the Mt Gox hack. At the moment, 79,957.21 BTC is still idle in the wallet after sitting for more than 11 years, and to this day, not a single satoshi has been sent from it.
What do you think of the mysterious ‘1Feex’ bitcoin wallet? Tell us what you think about it in the comments section below.
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