80K Bitcoin Move Sparks Speculation Around MyBitcoin Hack

• 80K BTC moved for the first time in 14 years
• CryptoQuant CEO suggests link to MyBitcoin hack or early founder
• Galaxy Digital reportedly purchased the coins

Massive Bitcoin Transfer Raises Eyebrows

In a surprising on-chain development, 80,000 Bitcoin—worth billions—was moved after sitting dormant for 14 years. According to CryptoQuant CEO Ki Young Ju, the transaction may be connected to the infamous MyBitcoin hack or potentially to one of Bitcoin’s early founders.

The wallet address, which dates back to the early days of Bitcoin, had never made a single outgoing transaction until now. Such a large and sudden move instantly triggered speculation and concern within the crypto community, especially given its historical ties.

The MyBitcoin incident, a wallet service hack from 2011, saw thousands of BTC disappear with little closure. If these funds are indeed linked to that event, it could represent one of the largest rediscoveries of hacked crypto to date.

Galaxy Digital Allegedly Steps In

Adding more intrigue to the story, Galaxy Digital is being reported as the buyer of this massive Bitcoin cache. While the company hasn’t officially confirmed the purchase, several sources suggest they facilitated or acquired the transfer through OTC (over-the-counter) means.

This acquisition could signal a bullish stance from Galaxy amid ongoing market uncertainty. Large institutions stepping in to absorb such a quantity suggests strategic accumulation rather than panic.

However, some in the crypto world remain cautious. A sudden influx of old Bitcoin into circulation has, in past cycles, led to market volatility. Traders are watching closely to see whether this leads to increased selling pressure or if the assets are being quietly custodied.

What This Could Mean for the Market

If these coins are truly tied to the MyBitcoin hack, legal and regulatory consequences might follow. The ownership and provenance of early coins are difficult to prove, which may complicate any recovery or enforcement efforts.

For now, this remains one of the most mysterious and historic Bitcoin moves of the year. Whether it leads to deeper revelations or fades quietly into storage, the crypto space will be watching.

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