The fourth-largest bitcoin wallet containing 69,369 Bitcoin ($962 million) just moved its holdings out

69,369 bitcoin, worth approximately $962 million was moved from the BTC address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx to the address bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6, the fourth-largest bitcoin wallet according to BitInfoCharts.

The coins had been sitting in the wallet since April 2015, when the price of Bitcoin was in the mid-$200 range. Today, a single Bitcoin is worth around $13,850.

The holdings predate the Bitcoin Cash hard fork, meaning the address owner was also entitled to 69,370 BCH (worth a cool $16.8 million); it was the 18th-largest Bitcoin Cash wallet until those holdings were moved today as well.

Vice previously reported that the address has been passed among hacker circles in an attempt to crack the wallet and access the bitcoins inside.

“Stealing Bitcoin wallets from victims worldwide is a common goal among cybercriminals. Wallets tend to be protected by strong passwords and in the event that a cybercriminal manages to obtain a wallet and cannot crack the password he might sell it to opportunistic hash crackers who are individuals with a large amount of GPU power. Alon Gal, the Chief Technology Officer of cybercrime intelligence company Hudson Rock told Vice.

Looks like hackers figured it out. Or its owner wised up and moved the coins to his private wallet.

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The post The fourth-largest bitcoin wallet containing 69,369 Bitcoin ($962 million) just moved its holdings out appeared first on AZCoin News.

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