Cyber Hacking News

$1 billion BitCoin wallet emptied mysteriously

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A password-protected BitCoin wallet containing almost $1 billion worth of cryptocurrency was moved to another wallet.

It is not known whether the funds were transferred by the owner themselves, or if the wallet has been hacked. Overnight, the wallet balance fell to just $1.38 after the huge amount was cashed out.

On November 3rd, 2020 an amount of 69369.166280 BitCoins (around $957 million) was transferred from a wallet associated with the address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx.

The wallet was monitored since 2015 as it was associated with hacking activities and it had been “dormant” since 2015.

According to experts, the growing interest in the wallet must has forced the owners to move the funds to other wallets before someone successfully cracked the password.

Image Credits ‘; Newsgram

Priyanka R
Cyber Security Enthusiast, Security Blogger, Technical Editor, Author at Cyber Safe News

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