Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address
The 50 BTC remained in the receiving address Friday, but that wallet has previously sent funds to FalconX-labeled deposits, leaving open whether the old stash is being reorganized or moved closer to a trading venue.
AI Summary
A dormant bitcoin wallet from 2011 moved nearly 50 BTC worth about $3.2 million to a SegWit address that has previously funneled funds to institutional brokerage FalconX. The coins, originally received when bitcoin traded around $10, have not yet left the receiving address, leaving uncertainty about whether the stash is being reorganized or moved closer to a trading venue. The transfer occurs amid heightened security concerns after a Coldcard hardware wallet exploit, though there is no evidence linking this wallet to that flaw.