Analysis Suggests MyBitcoin Wallets Linked to Recent Bitcoin Movement

According to PANews, Ki Young Ju, the founder and CEO of on-chain analysis platform CryptoQuant, shared insights on the X platform regarding the recent movement of 80,000 BTC that had been dormant for 14 years. These bitcoins are believed to have originated from MyBitcoin's custodial wallets, which had remained inactive since April 2011. This inactivity persisted until MyBitcoin was hacked in August 2011, leading to a significant bitcoin theft and the platform's subsequent bankruptcy announcement. The wallets in question may belong to the hacker responsible for the attack or to Tom Williams, the anonymous founder of MyBitcoin. It appears that Galaxy Digital has acquired these bitcoins, although it is unclear if they have conducted any forensic investigations.