A Bitcoin wallet idle since 2011 transferred 50 BTC, worth about $3.2 million, to an address linked to FalconX. The coins remained at the receiving address as of Friday; the sending wallet has previously sent funds to FalconX-labeled deposits, leaving the intent unclear.
A Bitcoin wallet dormant since 2011 moved 50 BTC, worth about $3.2 million, to an address linked to FalconX.
As of Friday, the 50 BTC still sat at the receiving address. On-chain records show the sending wallet has previously sent funds to deposits labeled FalconX, leaving open whether the old stash is being reorganised or moved closer to a trading venue.
CoinDesk's Shaurya Malwa reported the transfer on Aug. 7.
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