Bitcoin Whale Moves Massive $428 Million BTC Stash For Less Than $15

Tuesday 01 December 2020, 2:17 AM AEST - 1 month ago

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A bitcoin whale has moved its massive BTC fortune of 22,816 coins, at press time worth over $423 million, for a fee of little over $15, and split the funds across a series of transactions, with a major wallet receiving a mysterious message.

The whale initially moved its massive bitcoin stash to a series of addresses, splitting the funds into three wallets: one with 1,370 BTC, another with 21,446 BTC, and one with less than one coin in it. The smaller addresses appeared to have simply moved the funds across the blockchain in a series of hops, presumably to help the whale secure its funds in addresses out of the public eye.

The whales massive transaction splitting the funds cost less than $15 in transaction fees. At press time its larger wallet still has the full 21,446 BTC in it. This larger wallet seemingly received a message from some other BTC user. In a transaction with over 250 outputs of 547 satoshis each (about $0.10), the bitcoin whales wallet received the following message:

Source:Blockchain.com

The message told BTC users to use [the] full power of anonymity and pointed to a topic on Memo.sv showing users how to create ownerless BTC/BCH/BSV addresses with special meaning. The creator of the topic was, 175 days ago, seemingly trying to teach users how to create unowned addresses as part of a project called how much would you donate anonymously.

Similar transactions sharing the same message appear to have been circulating since at least September of this year. These have been traced back to a transaction on the Bitcoin Cash (BCH) blockchain with an OP_RETURN message that read:

Ownerless address with special meaning allows to show potential donations for doing desired action. Its up to actor to recognize social requests when people are really ready to pay. See memo.sv/topic/hmwyda

On Reddit users speculated on the reasoning behind these small transactions behind sent to hundreds of addresses. Some claimed it was part of a dusting attack, in wh ...

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