$1B bitcoins on the move: MtGox vs SilkRoad origin and BTC price impact discussed

Preamble: it seems that my post was censored and removed on r/bitcoin... from now I will only publish my articles on r/btc and crosspost it. Freedom and freespeech matter to me. -- ​ This is the 4th post of a series of articles dedicated to investigate $1B worth of bitcoins (111,114 BTC/BCH/... BXX) that were dormant since 2014 and started moving actively. The BTC coins were originally located at this address (1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a). The facts that part of this funds (>13%) have been transferred in the past month to Bitfinex, Binance and Bitmex exchanges is discussed here. The origin of the bitcoins was originally discussed here. A deep-dive into the wallet activity was discussed here. ​ Today I am writing a short update to discuss the origin of the funds and some events that could be related both to this wallet and yesterday's price crash. ​ Wallet's origin ​ This question has been discussed a lot by the crypto community in the past year. Here is a summary of the most probable hypothesis for the 1933p wallet's origin: a SilkRoad user or DPRs wallet per this post: https://bitcointalk.org/index.php?topic=310600.0 a MtGox cold wallet that has been seized or is still owned by MtGox: in fact the wallet funds moved in March 2014 right after MtGox filed for bankruptcy one month earlier in February 2014; these movements dates are really similar to the 200,000 lost coins "found" by Karpeles which moved March 7th, 2014 (1dda0f8827518ce4d1d824bf7600f75ec7e199774a090a947c58a65ab63552e3), just 2 days before the movements on the wallet we are talking about here. a whale wallet since the major part of the 111,111 coins are coming from a very old deposit of 37,421 coins processed on June 21st, 2011 making this an early adopter's wallet (70d46f768b73e50440e41977eb13ab25826137a8d34486958c7d55c5931c6081) ​ Wizsec, a prominent Bitcoin security expert, seems to be pretty sure that the wallet belongs to a MtGox hodler and early investor, who is not a DPR or a SilkRoad user, per his Twitter post: https://twitter.com/wizsecurity/status/1037030003068653569 Finally, Wizsec and I agree that this wallet is not CSW`'s wallet despite it is mentioned in several court documents. Wizsec spent a lot of time debunking CSW's ownership claims earlier this year: https://twitter.com/wizsecurity/status/968337084837781504 ​ What do you think about this wallet origin? ` BTC price crash ​ Also, I wanted to report some events that could be related to this 1933p wallet activity: $100M USDT were transferred (reported by u/whalecheetah) while the 1933f wallet owner was in the process of transferring approximately the same amount to several exchanges; a 10,000 BTC buy order was filed last night on Bitmex with 8,030 BTC transferred from a Bitfinex user wallet while the 1933p wallet owner transferred approximately the same amount of BTC to Bitfinex since August, 24th. Was this deal prepared or was the buyer a bitcoin angel? ​ In the light of this yesterday's price crash, do you think the $100M transferred to the exchanges caused it? ​ https://i.redd.it/npazsakt1uk11.png submitted by /u/sick_silk [link] [comments]

source https://www.reddit.com/r/btc/comments/9dvajr/1b_bitcoins_on_the_move_mtgox_vs_silkroad_origin/