CryptoQuant CEO: 80000 BTC transferred after 14 years of silence may have come from MyBitcoin hackers or their founder's wallet

PANews
PANews|Jul 26, 2025 13:59
Ki Young Ju, founder and CEO of CryptoQuant, an on chain analytics platform, stated in a post on X platform that tracking 80000 BTC transferred after a 14 year hiatus, it was discovered that these bitcoins may have originally come from MyBitcoin custody wallets. These wallets have been idle since April 2011 until MyBitcoin was hacked that year (it is reported that MyBitcoin was hacked in August 2011 and subsequently declared bankrupt). These wallets are likely to belong to the hackers who attacked the platform, or to an anonymous MyBitcoin founder named Tom Williams. It seems that Galaxy Digital has purchased these bitcoins, but it is uncertain whether they have done any forensic work.
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