Bitcoin wallet dormant since 2011 moves $3.2 million toward FalconX-linked address

The 50 BTC remained in the receiving address Friday, but that wallet has previously sent funds to FalconX-labeled deposits, leaving open whether the old stash is being reorganized or moved closer to a trading venue.

• A long-dormant bitcoin wallet that received 49.97 BTC in 2011, when the cryptocurrency traded around $10, moved nearly 50 BTC worth about $3.2 million on Thursday.
• The coins were sent to a SegWit address that has previously funneled bitcoin to institutional brokerage FalconX and received funds from Nexo and Prime Trust–linked wallets, though the newly moved BTC has not yet left that address.
• The transfer comes amid heightened security concerns following a major exploit of Coldcard hardware wallets, which has led long-term holders to reexamine old storage setups, but there is no evidence connecting this 2011 wallet to the flaw.

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