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Topic: 17000 BTC from 240 accounts (Read 13315 times)

hero member
Activity: 588
Merit: 500
June 12, 2011, 07:35:49 AM
#22

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.)
legendary
Activity: 2618
Merit: 1007
June 12, 2011, 04:24:29 AM
#20
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...
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
June 12, 2011, 12:46:16 AM
#19
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.
hero member
Activity: 588
Merit: 500
June 12, 2011, 12:31:25 AM
#18
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?
legendary
Activity: 2618
Merit: 1007
June 11, 2011, 06:47:46 PM
#17
LulzSec would claim they killed the pope if he dies tonight just to get some fanbois to go like this --> Shocked <--

 Roll Eyes
newbie
Activity: 1
Merit: 0
June 11, 2011, 06:45:24 PM
#16
LulzSec did it.
member
Activity: 69
Merit: 10
June 11, 2011, 04:36:33 PM
#15
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
hero member
Activity: 644
Merit: 500
Invest & Earn: https://cloudthink.io
June 11, 2011, 04:29:13 PM
#14
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!
full member
Activity: 142
Merit: 100
June 11, 2011, 03:20:08 PM
#13
Now we know where all the stolen btc. From MtGox went...
full member
Activity: 210
Merit: 100
firstbits: 121vnq
June 11, 2011, 02:37:21 PM
#12
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.

hero member
Activity: 602
Merit: 500
June 11, 2011, 02:28:46 PM
#11
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.
legendary
Activity: 2618
Merit: 1007
June 11, 2011, 02:07:31 PM
#10
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.
newbie
Activity: 4
Merit: 0
June 11, 2011, 02:05:46 PM
#9
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.
newbie
Activity: 8
Merit: 0
June 11, 2011, 01:50:17 PM
#8
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.)
newbie
Activity: 42
Merit: 0
June 11, 2011, 01:19:39 PM
#7
Interesting to know.
newbie
Activity: 46
Merit: 0
June 11, 2011, 10:44:40 AM
#6
Yes your right, produced in 2009.

Must have been 'good old times' Wink
hero member
Activity: 588
Merit: 500
June 11, 2011, 10:38:27 AM
#5
I think you've found our mystery seller from mtgox this morning. Most of those are VERY old generated blocks.
full member
Activity: 211
Merit: 100
June 11, 2011, 10:38:22 AM
#4
I'd bet internal deepbit movement.
sr. member
Activity: 966
Merit: 254
June 11, 2011, 10:37:23 AM
#3
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
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