Someone Made a Single $1 Billion Bitcoin Transaction and No One Knows Why


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In one transaction last week someone mysteriously moved over $1 billion ($1,018,147,900 to be precise), or 94,505 bitcoins. A lot of people would like to know just who did it and why.

Whale Alert is a Twitter account devoted to tracking huge cryptocurrency deals and they tweeted out the first news about it.

Mutual transactions in bitcoin are recorded in a digital ledger and can be seen by anyone who knows where to find them. Where actual accounts are concerned, anonymity is the name of the game, so that’s why we’re aware the move happened but don’t know who pulled the trigger.

An assessment did reveal that nearly 30 percent of the currency came from Huobi Global, a Singapore-based cryptocurrency exchange. The transaction could have been a Huobi customer making a large withdrawal or even the company itself dumping several deposits into one big digital vault.





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