2011 Bitcoin Wallet Moves $3.2M to FalconX-Linked Address
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- The 2011 wallet moved 49.97 BTC (~$3.2 million) on Aug. 6, 2026, with the transaction included in block 961331 at 20:14 UTC and combining four dormant inputs with two smaller ones to send exactly 50 BTC.
- Galaxy Research flagged the transfer, noting the wallet originally received the coins on July 16, 2011, when bitcoin traded around $10.
- The receiving SegWit address has previously sent 6.336 BTC and 16.131 BTC to addresses Arkham labels as FalconX deposits, and has also received funds from wallets linked to Nexo and Prime Trust custody.
- The 50 BTC remained in the receiving address as of Friday morning, with no on-chain evidence the coins had been sold or forwarded to an exchange.
- Coinkite, maker of the Coldcard hardware wallet, disclosed a firmware flaw dating to 2021 that has seen attackers sweep as much as $114 million from vulnerable wallets since July 30, in four theft waves.
- The Coldcard disclosure has prompted long-term holders to reassess old storage setups — but the source notes there is no evidence linking the 2011 wallet to the exploit, and the address predates the device by years.
Why it matters: The 2011-era coins remain unmoved at the receiving address despite landing on a wallet with prior FalconX deposit history, leaving the owner's intent ambiguous between custody reshuffling and prep for a sale. Separately, the $114M Coldcard exploit since July 30 has prompted long-term holders to reassess storage — though the source explicitly states no link to this specific wallet.
