A Bitcoin wallet that had been inactive since May 2011 has moved 20.43 BTC worth $1.7 million, according to monitoring cited by Bitcoin News. The transfer ended a 15.4-year period of dormancy. Arkham tracking linked the coins to payout distributions from Braiins, formerly known as Slush Pool, when the holdings were worth roughly $3 to $4. The BTC received by the wallet on May 1 and May 8, 2011 was later split and sent to SegWit addresses, with transaction fees coming in at less than $1. The funds have not been sent to any known exchange deposit address so far. Earlier transfers tied to the same wallet were also labeled as related to Mt. Gox and Silk Road, both described in the source as common channels in 2011. Separately, the Mt. Gox trustee still holds about 34,500 BTC, and the deadline for creditor filings is Oct. 31, 2026.
A Bitcoin wallet that had been inactive since May 2011 moved 20.43 BTC worth $1.7 million, according to monitoring cited by Bitcoin News, ending 15.4 years of dormancy.
Arkham links the coins to early mining pool payouts
Arkham tracking showed the BTC came from payout distributions by Braiins, also known as Slush Pool, when the proceeds were worth about $3 to $4.
The coins received by the wallet on May 1 and May 8, 2011 were split and transferred to SegWit addresses. Transaction fees were less than $1, and the funds have not been sent to any known exchange deposit address.
Earlier transfers were tagged with Mt. Gox and Silk Road links
Earlier transfers from the same wallet were also labeled as related to Mt. Gox and Silk Road, both identified in the source as common channels in 2011.
The Mt. Gox trustee still holds about 34,500 BTC, and the deadline for creditor filings is Oct. 31, 2026.
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