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first_img A dormant Bitcoin wallet transfers a million dollars after 12 years and then is destroyed, becoming a mystery

According to Cointelegraph, a Bitcoin wallet that had been dormant for nearly 12 years suddenly transferred all 20.00010537 BTC (approximately $1 million) to a large centralized exchange in March, and three weeks later, almost the same amount was returned (only 4500 satoshis short, about $3), and then in May, this Bitcoin was permanently destroyed.On-chain analysis company Chainalysis confirmed that this wallet has a strong association of "shared ownership" with four other addresses, all of which received initial funding on the same day in April 2014, and most of the funds can be traced back to the now-defunct Mt. Gox exchange, suggesting that the holders are early Bitcoin adopters.Analysis by Bitcoin educator Bennet shows that one of the addresses sent 19.6 BTC in 60 transactions to the custodian between 2022 and 2024, despite the Bitcoin price more than quadrupling during this period. The dollar amount of 58 of these transactions was close to $10,400, suggesting that the holders may have adopted a fixed dollar amount liquidation strategy. After the million-dollar "round trip" transfer in March, the funds almost returned to their original state, and the destruction of Bitcoin requires the same private key, making conventional transaction explanations difficult to establish.Chainalysis admits that it currently cannot explain why the holders transferred long-dormant assets through the custodian, almost retrieved the original amount, and then actively destroyed them. The destruction of Bitcoin is irreversible, and analysts speculate that this may be a deliberate statement to reduce the total supply of Bitcoin, or it could be for privacy, tax, or testing old wallet arrangements, but none of the hypotheses fully align with all on-chain evidence.

first_img Solana ID announced shutdown, the national treasury SOLID has been destroyed

The Solana ecosystem identity and user incentive project Solana ID announced that it will gradually shut down its operations. Solana ID Hub, API services, and Solana Display Network will cease operations by the end of September 2026, and no new collaborations are being accepted at this time. User data will be deleted by the end of this year, and related mailing lists will also be cleared, unless users actively choose to join new mailing lists unrelated to Solana ID.The team stated that the project had launched the SOLID Priority Pass, completed token sales for SwissBorg and BorgPad, and launched the Hub to attract over 17,000 users, while continuously conducting collaborative activities and SOLID Talks. However, difficulties in cold-starting the bilateral market, long supply cycles for rights, and challenges in attracting top application traffic to the display network, combined with reduced marketing budgets in the bear market and limited financing options, ultimately led to the decision to cease operations.All SOLID held in the company's treasury has been destroyed, accounting for approximately 73.78% of the total token supply. The tokens remain on-chain, and the liquidity pool is in a locked state. The team expressed an open attitude towards selling the brand and technology, and stated that members will continue to deepen their involvement in the Solana ecosystem.
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