14 Year Old Wallet Re-Activates, Moves $8.5M Worth of Bitcoin

Crypto enthusiasts are surprised to see a long dormant Bitcoin wallet spring to life and start making massive moves in the market. According to reports, the wallet has been sitting untouched for over 14 years, making many online speculators assume the owner had lost access.

Now, it’s clear that the owner is back in the driver’s seat, which is fantastic news for the owner.

14 years ago, when the wallet was established, it contained a humble 1 BTC but quickly amassed 100 BTC worth around $1,015. It was created on August 2, 2011, and nicknamed “12znK”. At the time, Bitcoin was trading at only $13 a coin. On August 14, 2011, 99 BTC was added to the account. After some time, Bitcoin continued to rise in value. At that time, the owner decided to shift the funds from a Pay-to-Public-Key-Hash (P2PKH) address to four different Pay-to-Script-Hash (P2SH) addresses. These new wallets each hold 24.99 BTC, while around 100 Bitcoin Cash (BCH) is still linked to the original wallet.

After 14 years, the investment’s value increased to a whopping 836,493%. Now, the contents of the wallets are worth an incredible $8.5 million.

According to experts, the 2011 Bitcoin wallets are considered rare, and it’s even more mysterious that the contents of the wallet have been untouched for so many years.

Speculators wonder whether the owner of the wallet was an early adopter who just decided to start selling or if the owner suddenly regained access to an old account.

Is it Possible to Recover Access to a Digital Wallet?

It depends. Here at Bitcoin Recovery Co., our team of cybersecurity experts and legal professionals can go over the specific facts surrounding your wallet situation to determine if it’s possible to recover your account.

Over the years, our team has helped hundreds of customers recover Bitcoin, regain access to old accounts, and resolve complex cases. We have experience resolving common issues like forgotten wallet passwords, accessing wallets that are stuck in watch only mode, resolving old wallet versions, finding funds that were lost in forks, recovering cryptocurrency that were accidentally transferred to invalid addresses, finding coins stored in devices that suffered hardware or storage defects, and lost due to viruses.

We can also help if you accidentally deleted data.

If you have another unique type of situation, then it’s a good idea to reach out to our recovery team to talk about your circumstances. In one amazing case, experts were able to recover access to a lost wallet by reverse engineering a password generator’s code, having it re-engineer a “random” password for the customer, and recovering their old account! That said, don’t make the mistake of thinking your situation is hopeless. Let our cryptocurrency experts take a look at your situation and give you a better idea of what to expect with a potential recovery effort.

Request a free consultation by sending us some information about your current situation. One of our top agents will reach out to you as soon as possible.