A Bitcoin address dating back to the Satoshi era moved 100.02 BTC after 16 years of inactivity, according to a ChainCatcher report citing Galaxy Research. The transfer was valued at about $8.55 million based on the figures provided in the source. The address involved was identified as 1J3A7HovGXxK1GoCGMJpXGKa5sSwCrNHJ3. Bankless founder David Hoffman said the move may have been intended as preparation against potential quantum attacks. The report did not provide additional transaction details beyond the address, the amount transferred, and Hoffman’s comment. The move drew attention because of the wallet’s age and its link to the early period of Bitcoin’s history.
A Bitcoin address from the Satoshi era moved 100.02 BTC after 16 years of dormancy, according to ChainCatcher, which cited Galaxy Research. The amount was valued at roughly $8.55 million based on the figures in the report.
The address was listed as 1J3A7HovGXxK1GoCGMJpXGKa5sSwCrNHJ3.
Bankless founder David Hoffman said the transfer may have been intended as a step to prepare against quantum attacks.
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