Crypto

Dormant Bitcoin Wallet Moves $3.2 Million to FalconX-Linked Address

Guavy AI Editorial Team Published August 7, 2026

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BTC

A long-dormant Bitcoin wallet has moved nearly $3.2 million worth of coins to an address linked to institutional brokerage FalconX.

The wallet received 49.97 BTC in July 2011, when Bitcoin was trading around $10, and had not spent the coins since then.

The transfer comes amid heightened security concerns following a major exploit of Coldcard hardware wallets, which has led long-term holders to reexamine old storage setups.

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