Finding the person who has received 1 billion dollar is likely possible

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: hosseinimr93 on September 06, 2019, 04:27:24 PM

The address below has received 94,500 bitcoins.
37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs
According to what I read in some reports, it is the richest non-exchange address. I also read that at least one third of these bitcoin has been transferred from Huobi exchanges. As Withdrawing that big amount of bitcoin from Huobi exchange require KYC, so Huobi should know the person behind this transaction.
Assume that the government find this transaction suspicious and want to know the owner of these bitcoins. The government can force Huobi to give them the documents of the owner of this wallet. Huobi can be forced by court if they don't give those documents to government.

Huobi is currently based in Singapore and they have offices in the United States, Korea, Japan and Hong Kong. They have users from all over the world and the nationality of this particular individual may be difficult to establish. Now the Singapore government can't force the exchange to reveal the identity of the user, as he may not be a SG national. On top of that, Singapore is not an authoritarian nation like China to dictate the terms and conditions to cryptocurrency exchanges.

That said, I still have doubts on whether this particular address is being held by an individual or a business firm (such as a cryptocurrency exchange). Individuals are unlikely to hold this much coins in a single wallet. They are likely to split their holdings, in order to avoid the threat from hackers. Normally it is the exchanges who keep this much volume in a single wallet. Lots of people are claiming that this is not an exchange wallet address... but I am still not 100% convinced.

dimastegar

sr. member

Activity: 798

Merit: 251

Small Trader

Quote from: franky1 on September 07, 2019, 03:38:22 AM

more likely the exchange moving from hotwallet to cold wallet/vault

Seems so. If the wallet address belongs to someone, then maybe it's an old Bitcoin player. Is that really a blue whale. or Maybe people used to be lucky when Bitcoin was still worth the piece of cake. Of course, many possibilities.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

Quote from: hosseinimr93 on September 06, 2019, 04:27:24 PM

The address below has received 94,500 bitcoins.
37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs
According to what I read in some reports, it is the richest non-exchange address. I also read that at least one third of these bitcoin has been transferred from Huobi exchanges. As Withdrawing that big amount of bitcoin from Huobi exchange require KYC, so Huobi should know the person behind this transaction.
Assume that the government find this transaction suspicious and want to know the owner of these bitcoins. The government can force Huobi to give them the documents of the owner of this wallet. Huobi can be forced by court if they don't give those documents to government.

It's just a suspicion they need a court order to to be able to force Huobi to give them the documents and there's no guaranty either that they are going to catch the right guy, what if he hires people to do KYC in Huobi, he can do that because he has the money.
And with that huge amount of money, he can hire legal to evade arrest and go from one place to another.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

If there is no suspicion of illegal activities or money laundering no one should be interested in revealing this person's identity, especially when it comes to authorities Although I guess many are very curious.
Still Bitcoin is not anonimous today as it used to be and I think with some efforts that transaction and person could be traced.

target

legendary

Activity: 2282

Merit: 1041

He'd probably pay ton of money just to keep his identity secure, probably pay someone to act with documents to submit to pass kyc to keep away from people who will potentially track him and kidnap his son/daughter for ransom. He'd do a lot of troubles to hide his email and name.

Lauren Smith

sr. member

Activity: 1050

Merit: 277

Quote from: hosseinimr93 on September 06, 2019, 04:27:24 PM

The address below has received 94,500 bitcoins.
37XuVSEpWW4trkfmvWzegTHQt7BdktSKUs
According to what I read in some reports, it is the richest non-exchange address. I also read that at least one third of these bitcoin has been transferred from Huobi exchanges. As Withdrawing that big amount of bitcoin from Huobi exchange require KYC, so Huobi should know the person behind this transaction.
Assume that the government find this transaction suspicious and want to know the owner of these bitcoins. The government can force Huobi to give them the documents of the owner of this wallet. Huobi can be forced by court if they don't give those documents to government.

Where are you getting this info? It sounds like you are guessing. Even if the government (whichever government that is) attains these documents, so what? There is nothing they can do.
Nothing wrong with moving around something that is yours no matter what sort of currency it is.

Indamuck

hero member

Activity: 1120

Merit: 554

Quote from: hugeblack on September 08, 2019, 03:32:33 AM

Isn't it strange that someone sends all those coins to one address? That is, if I do not want to make a fuss, I will divide coins into smaller addresses and so on.
Anyone who wants to transfer Big amount like that aims to make a media fuss about it. Perhaps manipulation of prices or any other purpose, but is a known party/exchange/person/company and not anonymous.

Whales like to do this often, they move around huge amounts of coins so people think they are being dumped on the market causing the prices to crash and then they can pick up more cheap coins

I suspect that one of the top 10 wealthiest people in the world hold at least 1 billion dollars in bitcoin. Maybe Zuckerberg

barbara44

hero member

Activity: 2548

Merit: 605

What if it is huobi themselves that own the wallet because these exchanges are making lots of profit from their fees, from listing fee to trading fee, to withdrawal fee, they make so much money and you now that huobi is still one of the biggest exchanges that we have in the market today.

Imagine that they are the owner because whoever own that bitcoin cannot be an individual, I know that whales could also be responsible for that because I think I read somewhere about this too, how they moved it, but if they had moved it out of the market, they would have crashed the market seriously and if it was moved into the market, then we ought to have seen some major increase in the value of bitcoin, so I don’t think that BTC belongs to an individual.

hugeblack

legendary

Activity: 2702

Merit: 4002

Isn't it strange that someone sends all those coins to one address? That is, if I do not want to make a fuss, I will divide coins into smaller addresses and so on.
Anyone who wants to transfer Big amount like that aims to make a media fuss about it. Perhaps manipulation of prices or any other purpose, but is a known party/exchange/person/company and not anonymous.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: antisocial77 on September 07, 2019, 09:16:05 AM

there has to be suspecious activity for ask the identity.i dont know the law completly but even government ask for it and huobi gives, that person can demand his/her secrecy so i dont think we can learn who he/she is.

It seems that some whales are trying to make a scene again but i don't think someone has the right on their mind to send a billion dollar bitcoin on a single exchange. If the government wants the personal information of that person i think it's the work of Huobi to decide whether they have to break the rules against to their customer or to the government.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Twinkledoe on September 07, 2019, 05:39:41 PM

My take on this subject, I believe there is not only one person who owns this wallet. Maybe a group of individuals who in one way or another are trying to move their holdings to prepare for something big. If that big amount comes from huobi, more than likely that person who is currently managing that account has done the kyc stuff but the question is, if he is using legit docs. The exchange might have the information but who knows if they will ever disclose the owner of that address even if authorities are hunting them down.

It's now the job of huobi or whoever is/are responsible for monitoring and verifying that account through the generated address from their exchange.

And it's not our problem anymore if the verification has passed or if the owner just asked other people to verify the account. I think there will be news few days or weeks from now and there will be someone claiming this transaction.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: jossiel on September 07, 2019, 05:18:06 PM

Quote from: De4ted on September 07, 2019, 09:56:04 AM

Quote from: jossiel on September 06, 2019, 06:52:18 PM

~snip~

Agreed, he/she can even hire someone to show identity for him. Though he/she will still have a hard time to withdraw this amount on cash.

Base on others opinion, it can also be the money of exchange moving from one wallet to another and prolly getting ready for the said launch of Bakkt. Everything is a speculation and no one has confirmed information about that project.

And that's a sure thing if an individual owns that wallet but again, no one knows who's the owner is.

My take on this subject, I believe there is not only one person who owns this wallet. Maybe a group of individuals who in one way or another are trying to move their holdings to prepare for something big. If that big amount comes from huobi, more than likely that person who is currently managing that account has done the kyc stuff but the question is, if he is using legit docs. The exchange might have the information but who knows if they will ever disclose the owner of that address even if authorities are hunting them down.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Ucy on September 07, 2019, 04:25:51 PM

I think it's possible to use fake documents for this sort of thing to avoid detection. If a person want to be a little bit anonymous, he will likely use a non-kyc exchange or use fake identity on kyc exchange.

That makes no sense. Not in a hundred years will someone transfer a billion dollars worth of Bitcoin to a non compliant exchange-- heck, no one will even send such a high value to a compliant exchange.

Most of the whales who are genuinely interested in selling a large number of coins, do that by sending a portion to Coinbase, a portion to Bitstamp, etc. All to not lose a lot of money unnecessarily due to slippage.

The pump from $4000 to $5000 was said to be initiated by simultaneous buys on Coinbase, Bitstamp and Kraken. It's to get the most bang for their buck. Using just one exchange will cost you millions with such buy orders.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: De4ted on September 07, 2019, 09:56:04 AM

Quote from: jossiel on September 06, 2019, 06:52:18 PM

~snip~

Agreed, he/she can even hire someone to show identity for him. Though he/she will still have a hard time to withdraw this amount on cash.

Base on others opinion, it can also be the money of exchange moving from one wallet to another and prolly getting ready for the said launch of Bakkt. Everything is a speculation and no one has confirmed information about that project.

And that's a sure thing if an individual owns that wallet but again, no one knows who's the owner is.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I think it's possible to use fake documents for this sort of thing to avoid detection. If a person want to be a little bit anonymous, he will likely use a non-kyc exchange or use fake identity on kyc exchange.
If this truely is from that exchange, question is why use a kyc exchange when he could've easily used non-kyc exchanges to buy up all the BTC available there? It is possible the person/group doesn't care about being detected because sending huge money to an exchange isn't a crime

FlightyPouch

sr. member

Activity: 1638

Merit: 300

A lot of huge transfers has already done and I don't think the government will be looking at this. Also, I think the site has the right to hide the identity of their customers, despite a huge amount of bitcoin transfered, the site might already checked this and see no problems.

rdluffy

legendary

Activity: 2450

Merit: 1472

Quote from: LogitechMouse on September 07, 2019, 07:50:29 AM

Reports right now are over exaggerated to be honest. They will add different things to what really happened and that is why I don't read anything about this popular websites.

There are many theories with this recent transaction. It can be a huge and popular institution and they just remained silent. It can be their own exchange address too and they just transferred some of their funds. Whatever happened to this, I don't care because I don't see any benefit from me with what happened.

Yes, I agree that can be an adress of the own exchange, but it's doesn't matter for us, it's just curiosity, there's no benefit from this
The fact that bring us attention is the total amount in BTC, we always talk about this kind of transactions Grin

De4ted

member

Activity: 111

Merit: 10

Quote from: jossiel on September 06, 2019, 06:52:18 PM

Source: $1B BITCOIN TRANSACTION TRACED BACK TO MULTIPLE HUOBI ADDRESSES

Someone also on the Speculation section has monitored this wallet and posted just after the transactions were made.

This was the thread: https://bitcointalk.org/index.php?topic=2076717.20

I think whoever that person is intelligent enough to cover their identity and will act accordingly to not expose who he/she is unless doesn't care about personal security.

Agreed, he/she can even hire someone to show identity for him. Though he/she will still have a hard time to withdraw this amount on cash.

antisocial77

jr. member

Activity: 378

Merit: 4

there has to be suspecious activity for ask the identity.i dont know the law completly but even government ask for it and huobi gives, that person can demand his/her secrecy so i dont think we can learn who he/she is.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Reports right now are over exaggerated to be honest. They will add different things to what really happened and that is why I don't read anything about this popular websites.

There are many theories with this recent transaction. It can be a huge and popular institution and they just remained silent. It can be their own exchange address too and they just transferred some of their funds. Whatever happened to this, I don't care because I don't see any benefit from me with what happened.

Topic: Finding the person who has received 1 billion dollar is likely possible (Read 666 times)