Dormant Bitcoin Wallet From 2013 Moves $31M Amid Wave of Old Coin Activity

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A Bitcoin wallet that had been inactive for 12 years transferred approximately $31 million worth of cryptocurrency on Monday. The movement is not an isolated incident, as it is part of a broader trend of long-dormant wallets becoming active. Analysts have linked this wave of activity to the aftermath of the Coldcard hack. Multiple old wallets appear to have been prompted into action around the same period, raising questions about the security of legacy cold storage solutions.

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