69,370 Bitcoins have just been transferred from a wallet associated with the Silk Road darknet market, which was closed in 2013.
According to data from BitInfoCharts, the transaction, which is worth almost $1B, comes from the fourth largest Bitcoin address.
The user has reportedly first made a test transaction of 1 BTC, and then sent the rest of the funds from his wallet (1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx).
CipherTrace believes the user has simply made the decision to carry out this transfer in order to "to stay up to date with the Bitcoin network" by switching between address formats. As the last time someone moved funds associated with Silk Road was back in April 2015, the BTC wallet would supposedly also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV) associated with the hard forks of the tokens.
However, the company has not ruled out the possibility that the transfer of funds could be the result of a hacker attack:
"These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file."
If you are looking for a crypto trading platform to trade your assets, visit Gozo.pro, a safe and reliable exchange.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.