The 80,000 BTC saga involves an finish: Main dealer Galaxy Digital simply accomplished the promoting of the large stake through over-the-counter (OTC) offers. CryptoQuant CEO Ki Younger Ju unveils that the transaction that shook the crypto world is likely to be related to a hacked change.
Satoshi-era investor or change hacker? CryptoQuant CEO on 80,000 BTC whale
The broadly mentioned 80,000 Bitcoins (BTC) — roughly $9.4 billion in present costs — ended up being bought through OTC offers dealt with by Galaxy Digital, a top-tier digital asset dealer. On the similar time, the crypto neighborhood has no concept who the mysterious BTC whale behind these transfers was.
The current switch of 80,000 BTC, dormant for 14 years, got here from wallets initially hosted by MyBitcoin.
The wallets had been inactive since April 2011, earlier than MyBitcoin collapsed in a hack that July. It probably belongs to the hacker or the nameless founder referred to as Tom… pic.twitter.com/Gj8R7xw0SA
— Ki Younger Ju (@ki_young_ju) July 25, 2025
Ki Younger Ju, the CEO and founding father of CryptoQuant, a number one on-chain analytics service, introduced that these Bitcoins (BTC) is likely to be related to the 2011 hack of MyBitcoin, one of many first crypto exchanges.
As per the assertion shared by Ki Younger Ju along with his 422,500 X followers, the transfers got here from wallets hosted by MyBitcoin. The wallets had been dormant since April 2011, two months earlier than the change suffered the devastating hack.
In the meantime, the belongings may additionally be moved by the nameless proprietor of the change referred to as Tom Williams. On Aug. 4, 2011, Williams admitted the hack and introduced the beginning of the “understanding” process.
MyBitcoin hack, allegedly organized by the Hack Canada group, resulted in $72,000 in losses. As such, the hacker or the vanished proprietor of the change had been sitting on 130,500x ROI earlier than promoting Bitcoins (BTC) after 14 years of dormancy.
Bitcoin (BTC) value fails to react to large sale
Ki Younger Ju admitted that Galaxy Digital won’t have organized forensics procedures earlier than continuing with such a transaction that is likely to be associated to the hacker assault.
Galaxy Digital confirmed the involvement within the deal, however referred to as the consumer a “Satoshi-era investor,” avoiding disclosing their id:
Galaxy accomplished the sale of greater than 80 000 Bitcoin valued at over 9 billion based mostly on present market costs for a Satoshi-era investor representing one of many earliest and probably the most important exits from the digital belongings market.
In a press launch, a Galaxy consultant additionally added that the transaction was a part of the investor’s broader property planning technique.
Bitcoin (BTC), the most important cryptocurrency, stays calm following the announcement. The crypto king’s value sits at $117,686, being 1.2% up within the final 24 hours. Its market cap is approaching $2.35 trillion.
