11,325 Bitcoin (BTC) From Two Dormant Addresses Activated After Over 7 Years

Two wallet addresses containing a massive amount of Bitcoin (BTC) have just been activated after more than seven years of being left idle by the owners.

WhaleStats reports today that the addresses containing 1,000 Bitcoin each in 2014 worth around $583,859 at the time, conducted two separate transactions in the late hours of yesterday.

Details of the transactions show that the owner of the first address sent 18.94 BTC ($905,229) yesterday around 18:18 UTC, while the second wallet address transferred 18.86 Bitcoins ($898,079) from the 1,000 Bitcoin holdings.

The interesting thing about the development is that the 1,000 BTC held separately in the two private wallets, which were worth $583,859 at the time, has skyrocketed massively following the massive surge in BTC value in recent times.

The current value of 1,000 BTC is now worth $47.25 million.

While the entire cryptocurrency community was trying to guess who the owners of the idle BTC are, sources reveal that the private addresses are linked to the Cryptsy exchange hack, which saw a total of 11,325 Bitcoin ($535.14 million) allegedly stolen from users accounts by the founder of the trading platform, Paul Venom.

Since authorities indicted Venom, the BTCs have been left untouched. However, a crypto user reports that the 11,325 BTC have been transferred to 666 new Bitcoin addresses since yesterday, with each address receiving an average of 17.00447 BTC.