The crypto wallet that holds over $400 Million in BitcoinBTCAfter 9 years, a darknet marketplace called Nucleus that was linked with the Nucleus group has been reactivated. according Arkham Intelligence. The entity in control of the wallet sent $77.5 millions in BTC in three different addresses on March 7th, while leaving 365 million dollars in the primary wallet.
Since April 2016, the wallet has been inactive. Arkham’s tracker estimated that the money was worth $2.1million at the time.
Related: Who is the mysterious Bitcoin creator, Satoshi Nakamoto?
Nucleus is one of the many darknet markets that thrived around this time. It was a place where drugs, weapons, and contraband were sold. Although the official explanation for its closure was that it had been hacked by hackers, conspiracy theories were rife. There are some thought Others believed that Nucleus’ admins perpetrated an exit scam while some thought that they were arrested.
Nucleus transactions, just like those on many darknet markets, are largely made in Bitcoin. The cryptocurrency offers anonymity to users because it is difficult to track.
Nucleus re-awakened its wallet just a few days after US President Donald Trump had signed an executive order creating a strategic Bitcoin reserve In the United States. BTC will be sourced from cryptocurrency already confiscated through forfeitures. However, there are still some reserves. “budget-neutral” Purchase of additional coins
Crypto price increase awakens dormant crypto wallets
Bitcoin’s price has been rising steadily since 2023. The price of Bitcoin has risen from $17,000 to around $108,000 since January 2023.
Nucleus Marketplace Wallet, a wallet that dates back to 2010, is one of the wallets which have been revived during this bull market. An 11-year-old boy will be turning 12 in July 2023. dormant wallet with 1,037 BTC awokeOwner moves entire stock.
Other dormant Wallets were followed in 2024. Three Satoshi wallets from the Satoshi era woke up in May 2024. one moving 687 BTC There are two other ways to do it moving 1,000 BTC, worth $61 million At the time. Whales will return to the ocean in 2024. transferred 8,000 BTC From a dormant five-year wallet and, in September of 2024, from five Satoshi miner wallets awakened after 15 years They started moving their coins.
Tether CEO Paolo Ardoino has said that quantum computer could also lead to hacker attacks. breaking into early Bitcoin walletsThere are more people who believe that there is a cause for concern “lost” Coins coming back to circulation
Magazine: Bitcoin vs. the quantum computer threat — Timeline and solutions (2025–2035)
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Source: cointelegraph.com
