After 8 years, a massive Bitcoin wallet is suddenly reactivated.

A Bitcoin wallet containing 321 bitcoins that had not been use for over a decade was recently used to make a transfer.

After nearly eight years of inactivity, a Bitcoin wallet containing millions of dollars in BTC has been restored. The wallet, which had not been used since 2013, holds 321 BTC (almost $15 million at current pricing) and made a transfer for the first time in 8.8 years on December 21.

The transaction was detected by the blockchain tracker and analytics system “Whale Alert,” which states that the wallet’s value in 2013 was $6,594, compared to $15.1 million yesterday, showing a 2300-fold increase.

Members of the crypto community have been speculating who owns the wallet and why it was activated after such a long period. Some assume it belongs to Satoshi Nakamoto, the pseudonymous creator of Bitcoin who vanished a few years before the wallet was last used.

Other members of the community believe the wallet’s sudden reactivation is the consequence of someone discovering a means to hack into old wallets.

Over the last few years a lot of Bitcoin wallets that were dormant from 2011 to 2013 and stored tens of millions of dollars of the leading cryptocurrency were suddenly activated.

Patrick

Coincu News