A bitcoin whale has transferred 1,000 BTC from a Bitcoin wallet that has been inactive for almost 12 years. The wallet, acquired in September 2012, currently holds a value over $64 million, representing a remarkable growth of 530,000%.
Whale Alert, a cryptocurrency monitoring tool, has observed that the wallet has received little and insignificant quantities of Bitcoin on several occasions throughout the past 12 years.
However, these transactions seem to be the outcome of dusting assaults. Dusting attacks refer to the malicious practice of cybercriminals and fraudsters transferring tiny quantities of cryptocurrency to individual wallets with the intention of compromising their privacy.
After revealing the identity of the wallet’s owner, malicious individuals employ several tactics such as cyber-extortion and phishing scams to steal from the individual. This is not the sole recent migration of prehistoric whales.
On the previous Friday, a crypto wallet holding 25 BTC valued at around $1.43 million became active after being inactive for over 10 years. Similarly, on July 9th, a wallet carrying 24 BTC worth $1.44 million was activated after remaining dormant for more than 11 years.
