17000 BTC from 240 accounts | Bitcointalksearch.org

error

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Quote from: netxshare on June 12, 2011, 07:28:03 AM

https://twitter.com/LulzSec/status/79689574313492480
https://forum.bitcoin.org/index.php?topic=12904.0

That's where it came from.

There doesn't seem to be any connection between those two events. Nor is LulzSec claiming to actually have owned those bitcoins. (Not likely, since they appear to have been sold yesterday for somewhere around a quarter million USD.)

netxshare

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https://twitter.com/LulzSec/status/79689574313492480
https://forum.bitcoin.org/index.php?topic=12904.0

That's where it came from.

Sukrim

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Quote from: casascius on June 12, 2011, 12:46:16 AM

That "single account" may very well have been a receiving address provided by MtGox. If so, those BTC will sit there up until the point MtGox uses that transaction to pay off a future withdrawal.

Hardly, did you even look at it on blockexplorer? These BTC were mined! Some as early as 2009...

casascius

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The Casascius 1oz 10BTC Silver Round (w/ Gold B)

Quote from: error on June 12, 2011, 12:31:25 AM

Quote from: qarl on June 11, 2011, 01:50:17 PM

Quote from: error on June 11, 2011, 10:38:27 AM

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale? it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange. (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)

Because someone dumped about 17,000 BTC on mtgox about 30 minutes after this transaction, driving the price down from 20 to 13. Didn't you hear about it?

That "single account" may very well have been a receiving address provided by MtGox. If so, those BTC will sit there up until the point MtGox uses that transaction to pay off a future withdrawal.

error

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Quote from: qarl on June 11, 2011, 01:50:17 PM

Quote from: error on June 11, 2011, 10:38:27 AM

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale? it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange. (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)

Because someone dumped about 17,000 BTC on mtgox about 30 minutes after this transaction, driving the price down from 20 to 13. Didn't you hear about it?

Sukrim

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LulzSec would claim they killed the pope if he dies tonight just to get some fanbois to go like this --> Shocked

<--

JoeNZ

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LulzSec did it.

Burt

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Quote from: aahzmundus on June 11, 2011, 04:29:13 PM

doesn't each generated block go to a new address? IE this is someone who had old bitcoins and was like ... oh, i have 250thousand from that silly program I ran years ago... that's nice! and cashed out?

The reason bitcoin is so valued right now is because of these coins that are not in circulation. It's a good thing that these old coins are getting back into the mix, it makes the currency more stable the more spread out the coins are. We have to get this sort of thing out of our system...

Imagine what would happen if some of the people with 100k+ cashed out!

http://blockexplorer.com/tx/16b292ac07ccde99b022812ff7ad260376b11c6adf7f79f725cea64933d294f8

aahzmundus

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Invest & Earn: https://cloudthink.io

doesn't each generated block go to a new address? IE this is someone who had old bitcoins and was like ... oh, i have 250thousand from that silly program I ran years ago... that's nice! and cashed out?

The reason bitcoin is so valued right now is because of these coins that are not in circulation. It's a good thing that these old coins are getting back into the mix, it makes the currency more stable the more spread out the coins are. We have to get this sort of thing out of our system...

Imagine what would happen if some of the people with 100k+ cashed out!

aceman1011

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Now we know where all the stolen btc. From MtGox went...

lemonginger

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firstbits: 121vnq

Quote from: bcpokey on June 11, 2011, 02:28:46 PM

I think you guys are focusing on the wrong thing. There was 17000 BTC moved in one transaction, and that jackass paid a transaction fee of .29 bitcoins. What a jerk.

heh.

bcpokey

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I think you guys are focusing on the wrong thing. There was 17000 BTC moved in one transaction, and that jackass paid a transaction fee of .29 bitcoins. What a jerk.

Sukrim

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Merit: 1007

Quote from: qarl on June 11, 2011, 01:50:17 PM

Quote from: error on June 11, 2011, 10:38:27 AM

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale?

Look at MtGox trade data a bit after 12PM UTC today and prepare to be amazed...
Someone cashed out nearly a quarter million USD.

spectacular

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I'm new to the game but many accounts to one means someone at least has tons of machines they control where they can aggregate funds.

qarl

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Quote from: error on June 11, 2011, 10:38:27 AM

I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

what makes you think that's some kind of sale? it looks like someone's aggregating their funds into a single account - and the most likely explanation for that is a transfer to an exchange. (or just bookkeeping - but the client makes this sort of bookkeeping unnecessary.)

yyduinihao0

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Interesting to know.

Mike 71

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Yes your right, produced in 2009.

Must have been 'good old times' Wink

error

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I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.

urtur

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I'd bet internal deepbit movement.

Convery

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Ye, probably some pool/exchange moving BTC.. if it would be stolen then it probably wouldn't be moved in 50BTC transactions..

Also one transaction for 5450 =P

Topic: 17000 BTC from 240 accounts (Read 13325 times)