A bitcoin wallet dormant since 2011 moves $3.2M toward a FalconX-linked address

A bitcoin wallet that received its coins on July 16, 2011 — when BTC traded around $10 — has moved for the first time since. According to Coindesk, on August 6 in block 961331 (20:14 UTC), the address sent out 49.97 BTC, worth roughly $3.2 million at the time. The coins were combined with smaller inputs and sent to a SegWit address (bc1 prefix) that had previously forwarded 6.336 BTC and 16.131 BTC to deposits at institutional brokerage FalconX.

Analytics firm Galaxy Research flagged the wallet, noting it had not spent the coins since receiving them. After transaction fees, a small remainder of 0.00116 BTC stayed at the original address. Why the funds moved after 15 years of silence isn't disclosed — such transfers can reflect anything from custody changes and wallet upgrades to preparations for a sale. The report separately notes this has no direct link to the recent Coldcard hardware-wallet vulnerability: the address received its coins years before the device even existed.

• 49.97 BTC (~$3.2M) moved for the first time since July 16, 2011
• Funds went to a SegWit address that previously forwarded to FalconX deposits
• Flagged by Galaxy Research; no link to the Coldcard vulnerability

The Coldcard vulnerability itself keeps growing, meanwhile — we covered this week how a fourth wave of the attack pushed losses toward $114 million, with device owners urged to move funds to new wallets as soon as possible.

This piece is informational, not a recommendation to buy, sell, or hold any asset.