Rediscovered the password of the wallet containing 791 Bitcoins bought from 2012, ‘someone’ just had 600 billion dong in hand

According to data recorded by Whale Alert, the service that tracks and reports the largest market movements on the blockchain, a Bitcoin (BTC) wallet over 9 years old has unexpectedly been reactivated. on 12/7/2021. Inside the wallet contains 791 BTC, with a value of about 26.1 million USD.

It is known that the last transaction of this Bitcoin wallet was made on June 16, 2021, with 50 BTC transferred to the wallet. Before that, about 740 BTC was also transferred into the wallet on June 1, 2012 – when the cryptocurrency market was still in its infancy and was not widely known. At that time, BTC was only worth about 10 USD/BTC. Worth mentioning, since then, this Bitcoin wallet has always been in a quiet state when no other withdrawal / transfer actions have been performed. Even when the Bitcoin price reached its all-time high in April 2021, hundreds of Bitcoins remained dormant in wallets.

720 BTC was transferred to this Bitcoin wallet in June 2012 – a time when not too many people in the world knew what Bitcoin was.

It wasn’t until the middle of July 2021 – a time when the cryptocurrency market was still stunned and could not recover, the mysterious Bitcoin wallet address was suddenly activated and worked again. According to Whale Alert, 640 BTC of these with a value of more than 21 million USD were withdrawn from the account on July 12. It is not clear whether they were sold on an exchange, or transferred to a secure cold wallet. more complete.

Currently, the identity of the owner of this Bitcoin wallet is also causing a lot of speculation in the crypto community. Some crypto experts suggest that this could be a Bitcoin wallet forgotten by one of the early Bitcoin buyers and owners. For some reason, this person was unable to access a wallet that stores hundreds of Bitcoins, which were purchased at a ‘cheap’ price in 2012. Until recently, the owner of the e-wallet. This person may have suddenly remembered or discovered the password to access the wallet, thereby unlocking extremely valuable Bitcoins.

After more than 9 years, the value of BTC is currently trading at $32,600 (according to data from Binance, as of 9pm on June 13, 2021). With a ‘terrible’ increase after 9 years, 791 BTC worth about $ 7910 at the time of June 2012 is now valued at about $ 26.1 million. This value in itself is still significantly lower than the historic high of $64,800 Bitcoin reached in April.

Many people have missed the opportunity to become rich because they forgot the password to access Bitcoin cold wallets

Remember more than a month ago, a wallet address containing 900 BTC, which was established in 2012, suddenly “revived” after 9 years of “sleeping” without making any transactions. , the aforementioned Bitcoin wallet worth tens of millions of dollars is attributed to a first generation crypto investor who is also speculated to have forgotten the password to access the wallet for many years, before all of a sudden found the ‘key to open the treasure’ after 9 long years.

Of course, not everyone is lucky enough to become a millionaire by finding the BTC they bought years ago. According to crypto data company Chainalysis, of the approximately 18.5 million Bitcoins in existence today, about 20% are lost or stuck in wallets that cannot be opened for various reasons, in there is the loss of the password.