Security News > 2020 > November > Someone just emptied out a $1 billion Bitcoin wallet

A password-protected Bitcoin wallet with almost $1 billion in cryptocurrency has just been emptied out.

"UNBELIEVABLE - Someone was able to crack the password of the Bitcoin wallet I reported on only a short time ago and spend the $1,000,000,000 that was inside it!".

Gal suspects the outgoing transaction was made by either the original owner of the wallet as a response to the recent publicity generated by the wallet or by someone who has managed to crack its password.

In June 2020, another Bitcoin wallet with a billion-dollar valuation had been inexplicably emptied.

The wallet in question has been found to have links to Silk Road. The Bitcoins worth almost $1bn have been seized by the US Department of Justice: US govt behind $1 billion Bitcoin transfer of Silk Road funds.

News URL

https://www.bleepingcomputer.com/news/security/someone-just-emptied-out-a-1-billion-bitcoin-wallet/