Cryptocurrency investors are paying attention to a reactivated wallet that has made a transfer of $1.1 billion worth of 9,757 Bitcoin. This wallet, belonging to the LuBian mining pool from 2020, had been silent for a long time before executing a significant transaction.
According to analysis firms, this wallet connected to the LuBian mining pool sent 9,757 Bitcoin to two different addresses. The purpose of the transaction is still unclear, but market analysts are closely monitoring this move. The funds from the wallet labeled 39DUz were redirected to new addresses 34kn9zs9tef and bc1q4c77s0.
The LuBian hack incident in 2020 has gone down in history as one of the largest attacks, with over 127,000 Bitcoin stolen at that time. Recently, the U.S. Department of Justice (DOJ) has initiated legal proceedings for the return of 127,271 Bitcoin (approximately $14.4 billion) associated with the incident. This situation suggests a possible connection between the reactivation of the wallet and the ongoing investigation by the U.S..
U.S. officials recently announced they were conducting operations against an entity allegedly linked to the criminal organization Prince Group based in Cambodia and seized Bitcoin worth $15 billion as part of this operation. Forensic analysis company Elliptic reported that these assets are connected to the coins stolen in the 2020 LuBian attack.
Experts believe that the renewed activity of "cold" Bitcoin wallets that have been silent for a long time indicates that large-volume fund exchanges in the cryptocurrency market may accelerate in the coming days. It is important for investors to closely monitor these developments and evaluate their potential impacts on the market.
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