Dormant Bitcoin Wallet From 2011 Transfers $3.2M to FalconX-Linked Address

·36 views

A Bitcoin wallet that had been inactive since 2011 recently moved 50 BTC, worth approximately $3.2 million, to an address linked to crypto prime broker FalconX. The funds were still sitting in the receiving address as of Friday, with no further movement recorded. The destination wallet has previously sent funds to FalconX-labeled deposit addresses, raising questions about the transfer's intent. Analysts are uncertain whether the long-dormant holdings are being reorganized internally or positioned closer to a trading venue for potential liquidation.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Altcoins Rally as Celestia Gains 16% While Bitcoin Holds Near $82,100

Several altcoins posted strong gains, with Celestia climbing 16%, Injective rising 7.7%, and LayerZero adding 7.3%. Bitcoin, by contrast, stayed roughly flat near $82,100. The moves came as Federal Reserve Chair Warsh offered no signal about future interest-rate plans. The divergence highlights altcoins outpacing the leading cryptocurrency during the session.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Scammer loses nearly $5 million in bitcoin after Ledger hardware wallet spy-chip exploit

A fraudster who lured victims through fake online job offers has become one of the largest casualties of a compromised Ledger hardware wallet exploit. Blockchain analytics firm Chainalysis reports that the scammer lost almost $5 million worth of bitcoin. The incident involves hardware wallets that were reportedly compromised with spy chips. The report highlights the irony of a scammer falling victim to the same type of security breach they may have been exploiting.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Recovers Above $82,000 as ZEC Gains 11% Amid Continued ETF Outflows

Crypto markets rebounded a day after bitcoin briefly fell below $80,000. Bitcoin climbed back above the $82,000 mark during the recovery. ZEC rose about 11% over the same period. Despite the price bounce, investors continued withdrawing money from ether, Solana (SOL) and ZEC exchange-traded funds. The article provides live updates on the ongoing market movements.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

US judge refuses to void Gemini's $5M settlement despite CFTC support

A U.S. judge has declined Gemini's request to undo its $5 million settlement, even though the Commodity Futures Trading Commission backed the exchange's bid. Gemini had already paid the penalty under the 2025 agreement. The court will keep its order in place along with the restrictions that came with the settlement. The CFTC argued that the case should never have been brought in the first place.

0 comments Read more at CoinDesk