An address that has been dormant for three years transferred 6,500 BTC, worth $694 million.

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On October 18, according to Lookonchain monitoring, the wallet “bc1ql7c” was activated after being dormant for three years and has just transferred all 6,500 BTC (worth $694 million) to a new address. These 6,500 BTC were originally obtained three years ago from Ivanov (Bilyuchenko). Ivanov, also known as Bilyuchenko, is a Russian cryptocurrency entrepreneur accused of co-founding the BTC-e and WEX trading platforms and laundering hundreds of thousands of Bitcoins stolen from Mt. Gox.

BTC-0.87%
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