2013 Bitcoin Whale Awakens Amidst Coldcard Chaos

A long-dormant Bitcoin wallet from December 2013 has suddenly moved 500 BTC, worth around $31.32 million, amidst the ongoing Coldcard exploit chaos. This transfer comes as a growing string of long-dormant wallets have sprung back to life, adding fresh intrigue since the breach was first reported on July 30.

The Coldcard exploit has drained an estimated 1,431.97 BTC since its discovery, pushing holders to secure their funds. The recent movement of old and dormant Bitcoin is likely driven by security fears surrounding the exploit. Two days ago, it was reported that the Coldcard breach was driving bitcoin holders toward centralized exchanges and custodians.

The 500 BTC transfer from the 2013 wallet was first flagged by btcparser.com and Whale Alert. The original Pay-to-Public-Key-Hash (P2PKH) address was created on December 6, 2013, when Bitcoin had just broken above the $1,000 mark for the first time.

The receiving Pay-to-Witness-Public-Key-Hash (P2WPKH) address is not tagged as any known exchange, custodian, institution, or other identifiable entity. For early bitcoin adopters, a wallet untouched for more than a decade represents far more than a balance, it reflects a decision made in 2013 when Bitcoin had only recently broken above $1,000.