What if "35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP" sold its bitcoin balance. - page 2.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: Chlotide on April 23, 2020, 08:47:17 AM

Quote from: BlackHatCoiner on April 23, 2020, 07:32:57 AM

I wonder... Is there any of these addresses controlled by one person: https://blockchair.com/bitcoin/addresses

Huh

1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF Balance: 79,957.20316890 BTC

Some say might belong to the hacker(s) that did to MtGox job

Just speculating tho...

Omg... 850.000BTC stolen... This guy must be lost forever from the world. Even if he stole so many bitcoins, he can't spend them so easily. He can get caught.

Chlotide

full member

Activity: 305

Merit: 106

Quote from: BlackHatCoiner on April 23, 2020, 07:32:57 AM

I wonder... Is there any of these addresses controlled by one person: https://blockchair.com/bitcoin/addresses

Huh

1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF Balance: 79,957.20316890 BTC

Some say might belong to the hacker(s) that did to MtGox job

Just speculating tho...

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: BlackHatCoiner on April 23, 2020, 07:32:57 AM

I wonder... Is there any of these addresses controlled by one person: https://blockchair.com/bitcoin/addresses

Huh

Possible...
The only way to find out is by doing a lot of grunt work...

If a transaction uses multiple unspent outputs funding multiple addresses, the odds are big that the addresses belong to the same wallet
If an address is funded with coinbase transactions, sometimes you can look at the OP_RETURN's of the coinbase transactions and see if they belong to the same pool as other addresses that were funded with coinbase transactions
https://www.walletexplorer.com/
google.com
sometimes people admit owning the private key for a certain address
or, if the last transactions funding a certain address were confirmed in very, very early blocks (2009-2010) and if those unspent outputs remained untouched ever since, odds are they belong to satoshi

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

I wonder... Is there any of these addresses controlled by one person: https://blockchair.com/bitcoin/addresses

Huh

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: BlackHatCoiner on April 23, 2020, 07:28:51 AM

Oh understood, so it's like a big mining pool. So no one can control the address. No one will, basically, more correctly.

No, not exactly, not a pool, an exchange... And there are defenatly people that can spend from this address. Ideally only employees of huobi.

These funds were sent to huobi by people having an account with huobi. They keep their funds on this exchange because they're either not familiar with the many, many, many risks of using an exchange as a wallet... Or because they use their balance to trade on a daily basis.

If an employee that has full access to this wallet decides to rob his/her employer, he can defenately do so. If a hacker or a physical thief can get his/her hands on these funds, they're gone. These are not mining rewards, they're the lifesavings of hundreds (maybe thousands) of customers.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Oh understood, so it's like a big mining pool. So no one can control the address. No one will, basically, more correctly.

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: BlackHatCoiner on April 23, 2020, 07:20:46 AM

--snip--

And what is huobi? A rich company?

I was still editing my previous post, adding more info... But it's an exchange... It's not this company's money, it's the money of the customers of this company (read my first post Wink

)

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: mocacinno on April 23, 2020, 07:19:46 AM

Well, it seems you've tracked huobi's coldwallet
https://bitinfocharts.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP

And what is huobi? A rich company?

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Well, it seems you've tracked huobi's coldwallet
https://bitinfocharts.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP

Huobi is an exchange, this is their wallet. The funds funding that address do not belong to the person that has access to it's private key, but to the customers of the exchange.
This is a prime example why you should not keep your funds in an exchange wallet. If the private key holder goes scam, or gets robbed, hundreds, maybe thousands of people will lose their funds.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

https://blockchair.com/bitcoin/address/35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP

This address has currently the most bitcoins of all other addresses. If this is one person then he has $1,8B worth. But what could happen if he sold all of his bitcoins? He surely wouldn't get 1,8B. I believe that from the first 10.000BTC he would sell the marketing would start to fall...

Thoughts?

Topic: What if "35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP" sold its bitcoin balance. - page 2. (Read 429 times)