Dormant Bitcoin Wallet Linked to BTC-e Founder Moves $694M
Yahoo Financeยท2025-10-17 19:17
A Bitcoin wallet that had been dormant for three years transferred its entire balance of approximately 6,500 BTC, valued at $694 million, on Oct. 17. According to on-chain analysts, the wallet is linked to Alexander Bilyuchenko, a Russian national and alleged co-founder of the defunct cryptocurrency exchange BTC-e. The transaction, recorded at 16:34 UTC, moved the funds from the primary wallet to two new, unidentified destination addresses, according to blockchain data. The sending address had originally ...