Published
5 years ago on
August 31, 2018
“The address first received funds on July 2, 2011. One of the very first transactions adding funds to it links back to another well-known address, that of alleged Silk Road operator Ross Ulbricht. The address had been leaked on the Bitcointalk forum, in a post where Ulbricht himself, under the nickname ‘altoid’ asked for help using the bitcoin API with PHP.â€Most interestingly:
“This could mean the address belongs to Ross Ulbricht himself, but transaction dates don’t add up. Ulbricht was arrested on October 2, 2013 for allegedly running the Dread Pirate Roberts account, administering the now-defunct Silk Road marketplace on the deep web.â€Now it seems that the movements recently spotted could have taken place via a Bitcoin tumbling service, a system designed to mix up transactions in order to hide the true outcome of transactions on the blockchain. It’s the sort of thing used within illicit transacting in order to mask transactions. What will happen with these funds now? Obviously, there’s know way of knowing if this is Ulbrichts fortune. As you may know, he’s still in prison so it’s unlikely that he’s made these moves himself, though, Ulbricht does have a very strong community following and a family that may have been trusted with access to his funds. Either way, as according to Crypto Globe:
“None of the over 80 wallets in which 1933 has its funds seem to be sending money to known cryptocurrency exchange addresses. While this implies the funds aren’t being sold anytime soon, merging the funds into addresses with larger amounts shows the individual is either ready to do something with them or is moving to a more secure setup.â€It seems that these transactions have been made in an attempt to prepare for the future and as it stands, these funds aren’t going to hit any major exchanges anytime soon. Therefore this is a big whale movement, that isn’t set to impact the markets any time soon, or for the time being at least. References Crypto Globe
