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.

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.

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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Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.