Crypto
Mysterious Owner Burns $1 Million Worth of Bitcoin After Retrieving It
In March, an unknown owner moved $1 million worth of Bitcoin through a large crypto custodian. Three weeks later, almost exactly the same amount came back to the wallet.
The wallet had been dormant for nearly 12 years before suddenly coming back to life. Bennet, a Bitcoin educator, noted that it sent 20.00010537 BTC to 'a custodian of some kind' before receiving it back again (minus $3 or so).
Seven weeks after the round trip, the Bitcoin was deliberately destroyed.
New blockchain analysis by Chainalysis shows that five wallets that ultimately destroyed their Bitcoin appear to have been controlled by the same person. It's likely an early Bitcoin holder who had funds on the collapsed Mt. Gox exchange.