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Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B

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191 points aorloff | 3 comments | 04 Jul 25 18:41 UTC | HN request time: 0s | source
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duttish ◴[04 Jul 25 19:26 UTC] No.44467188[source]▶
Whoever got these wallets better sell them and get a good security company on rotation quickly before anyone find out who they are. Seems like wrench attacks been been happening a lot more the last year.
replies(4): >>44467215 #>>44467241 #>>44467326 #>>44467363 #
Marsymars ◴[04 Jul 25 19:47 UTC] No.44467326[source]▶
I don't really get these; there's not a ton of difference between using a wrench to threaten someone with a bunch of Bitcoin vs using a wrench to threaten someone with a bunch of any other liquid asset that could be used to buy bitcoins.
replies(5): >>44467351 #>>44467365 #>>44467391 #>>44467513 #>>44470021 #
andylynch ◴[04 Jul 25 19:51 UTC] No.44467351[source]▶
Bitcoin doesn’t ask questions when you unexpectedly want to make a very large transfer to a new payee. Your banker will.
replies(1): >>44467895 #
1. paulpauper ◴[04 Jul 25 21:07 UTC] No.44467895[source]▶
But exchanges will if you deposit that much, and will freeze your $ if they don't like your response.
replies(1): >>44470424 #
2. udev4096 ◴[05 Jul 25 06:04 UTC] No.44470424[source]▶
Why would you even use a central exchange? It makes no sense. The person holding an absurd amount of coins would not be stupid to throw it all away like that
replies(1): >>44474244 #
3. paulpauper ◴[05 Jul 25 17:35 UTC] No.44474244[source]▶
then there is no way to liquate anything close to that much without a centralized exchange