40,000 Bitcoins worth a whopping $214 million moved to unknown wallet

Bitcoin worth approximately 214 million was moved at 9:20 UTC on May 1 from an unknown wallet to another unknown wallet. The movement of the same was caught by a Twitter user,

Whale Alert, as he/she tweeted:

The 40,000 Bitcoins was moved from address, bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9 to bc1q5shngj24323nsrmxv99st02na6srekfctt30ch. The sender, at press time, was the 22nd largest Bitcoin holder on the Bitcoin rich list.

 

Bitcoin blockchain
Source blockchain

Moreover, the sender had a balance of 40,000 BTC since February 2018 and had been maintaining the amount until today. The sender dropped from being the 21st richest wallet to 22nd richest on April 01, 2019. The sender currently holds zero BTC in the wallet due to the mentioned transaction.

 

bitcoin blockchain
Source Blockchain

The receiver, at press time, had a total balance of 40,00 BTC. The receiver of the 40,000 BTC will hold the title of being the 22nd richest Bitcoin wallet, as the list gets updated.

Bech32 and SegWit

The wallet used by the sender and receiver were “bec32 wallets”, which is a segwit address format specified by BIP 0173. This address format is also known as “bc1 addresses”. Bech32 addresses look distinctly different from the P2-style addresses. Each one starts with “bc1” and is longer than a legacy or P2SH address on account of this prefix. Bech32 is the native segwit address format, and is supported by the majority of software and hardware wallets, but a minority of exchanges. Source: Ambcrypto

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