Galaxy Digital’s $9 Billion In BTC Sale Stokes Hacker Speculation
The post Galaxy Digital’s $9 Billion In BTC Sale Stokes Hacker Speculation appeared on BitcoinEthereumNews.com. Galaxy Digital announced on July 25, 2025 that it had sold over 80,000 Bitcoin (BTC USD) worth about $9 billion on behalf of a “Satoshi-era investor.” The firm said the transaction was part of the client’s “broader estate planning strategy”. According to Galaxy, the coins came from an unnamed early adopter who held them for more than a decade. Blockchain investigators immediately traced the moved coins to addresses active in 2011, when the defunct MyBitcoin wallet service was hacked. The striking overlap has led analysts to wonder if Galaxy effectively helped cash out the original MyBitcoin thief or its founder. CryptoQuant CEO Links Sale to 2011 MyBitcoin Hack Blockchain analytics CEO Ki Young Ju publicly flagged the MyBitcoin connection. He noted on social media that the wallets for these 80k BTC “had been dormant since April 2011” – just before MyBitcoin’s collapse. Ju speculated the coins might belong to MyBitcoin’s attacker or to its anonymous founder, Tom Williams. “It likely belongs to the hacker or the anonymous founder known as Tom Williams,” Ju tweeted, adding that Galaxy “bought the #Bitcoin from them” but it was unclear if Galaxy had performed any forensic checks. Ju’s theory echoes a broader theory by Arkham Intelligence that all 80,000 BTC originated in April–May 2011 and only moved on July 4–5, 2025 into eight new addresses. Galaxy itself has not endorsed the hacker theory. Its press release and on-chain announcement simply call the seller a “long-term holder” and early Bitcoin adopter. Galaxy confirmed only that it “facilitated the move” of the coins, emphasizing the client’s estate-planning motives and giving no details on the coins’ origin. In short, Galaxy told investors it managed a record sale, but it did not disclose whether it did any extra due diligence on the coins’ history. Despite the headlines, Bitcoin’s price barely budged…
The post Galaxy Digital’s $9 Billion In BTC Sale Stokes Hacker Speculation appeared on BitcoinEthereumNews.com.
Galaxy Digital announced on July 25, 2025 that it had sold over 80,000 Bitcoin (BTC USD) worth about $9 billion on behalf of a “Satoshi-era investor.” The firm said the transaction was part of the client’s “broader estate planning strategy”. According to Galaxy, the coins came from an unnamed early adopter who held them for more than a decade. Blockchain investigators immediately traced the moved coins to addresses active in 2011, when the defunct MyBitcoin wallet service was hacked. The striking overlap has led analysts to wonder if Galaxy effectively helped cash out the original MyBitcoin thief or its founder. CryptoQuant CEO Links Sale to 2011 MyBitcoin Hack Blockchain analytics CEO Ki Young Ju publicly flagged the MyBitcoin connection. He noted on social media that the wallets for these 80k BTC “had been dormant since April 2011” – just before MyBitcoin’s collapse. Ju speculated the coins might belong to MyBitcoin’s attacker or to its anonymous founder, Tom Williams. “It likely belongs to the hacker or the anonymous founder known as Tom Williams,” Ju tweeted, adding that Galaxy “bought the #Bitcoin from them” but it was unclear if Galaxy had performed any forensic checks. Ju’s theory echoes a broader theory by Arkham Intelligence that all 80,000 BTC originated in April–May 2011 and only moved on July 4–5, 2025 into eight new addresses. Galaxy itself has not endorsed the hacker theory. Its press release and on-chain announcement simply call the seller a “long-term holder” and early Bitcoin adopter. Galaxy confirmed only that it “facilitated the move” of the coins, emphasizing the client’s estate-planning motives and giving no details on the coins’ origin. In short, Galaxy told investors it managed a record sale, but it did not disclose whether it did any extra due diligence on the coins’ history. Despite the headlines, Bitcoin’s price barely budged…
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