Someone emptied a $1 billion BitCoin wallet ahead of Presidential Election

Yesterday almost $1 billion worth of cryptocurrency contained in a password-protected BitCoin wallet was moved to another wallet.

Ahead of the 2020 Presidential election a mysterious transaction was noticed by cyber security experts and researchers.

Someone has transferred almost $1 billion worth of cryptocurrency contained in a password-protected BitCoin wallet to another wallet.

@viperaviola @arturodicorinto @CossuHelga @ilario82 @Luke_like @PGRotondo @mrtlgu Alla vigilia delle elezione qualcuno trasferisce una cifra da capogiro in cryptovalute https://t.co/OcMLqBl2r7

— Pierluigi Paganini – Security Affairs (@securityaffairs) November 3, 2020

It is still unclear if the funds were transferred by the owner themselves, or if someone has hacked the wallet.

On November 3rd, 2020 an amount of 69369.166280 BitCoins (roughly $957 million) was transferred from a wallet associated with the address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx. 

The wallet was monitored since 2015 because it was associated with hacking activities, it had been “dormant” since 2015.

https://twitter.com/UnderTheBreach/status/1323751844452118530

https://twitter.com/UnderTheBreach/status/1303316723186139136

Experts suspect that the growing interest in the wallet has forced the owners to move the funds in other wallets before someone successfully cracked the associated password. 

In June 2020, a similar event caught the attention of the experts, at the time someone emptied another walled containing a similar amount of cryptocurrency.

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Pierluigi Paganini

(SecurityAffairs – hacking, BitCoin wallet)

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