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New information has emerged about the background of the sale of 80,000 Bitcoins.
New information has emerged regarding the background of the sale transaction of 80,000 BTC, which has been the most significant agenda in the cryptocurrency market in recent days. It has been determined that the source of the Bitcoins is the MyBitcoin platform, which ceased operations in 2011.
The cryptocurrency market is discussing a sale of 80,000 BTC, valued at 9.5 billion dollars at today's prices.
In a recent development that has occupied the crypto agenda for several days, Galaxy Digital, the intermediary for the transaction, announced yesterday that all 80,000 BTC had been sold. During the transactions, Bitcoin fell below $115,000 but rose again above $118,000 as the selling pressure eased.
Although the sale has been completed, questions remain regarding the owner of these Bitcoins that have not been touched for over 14 years, such as who the owner is and what the source of the Bitcoins is.
Connected with MyBitcoin platform
According to information shared by Ki Young Ju, the founder of blockchain data analysis company CryptoQuant, 80,000 BTC were held in wallets by the MyBitcoin platform, which operated during the early years of Bitcoin. These wallets had not been used since April 2011. MyBitcoin went bankrupt following a hacking attack in July of the same year. Therefore, it is considered possible that the Bitcoin being sold could belong to the person who hacked the platform or to MyBitcoin's anonymous founder, Tom Williams.