94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

By “unknown”, does that mean that none of the source addresses that collectively sent the sum to one address did not have previous transactions from sources that were known? I rather doubt it, unless the sources were mining wallets (which would show up as coin bases).

On my phone I’m not going to research it :)

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#5

Post by blunte » Mon, Sep 09, 2019, 5:21 PM UTC

Droobfest wrote: post #2

Imagine making a typo in the receiving address

In which case it’s extremely unlikely that you would name another valid address; so your transaction would eventually be invalidated.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#6

Post by otoburb » Mon, Sep 09, 2019, 5:21 PM UTC

Droobfest wrote: post #2

Imagine making a typo in the receiving address

You could, but you'd also have to modify the checksum built into the bitcoin addresses in order for most (all?) bitcoin clients to broadcast the transaction.[1][2]

[1] https://en.bitcoin.it/wiki/Address

[2] https://en.bitcoin.it/wiki/Technical_background_of_version_1...

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#7

Post by quotemstr » Mon, Sep 09, 2019, 5:22 PM UTC

Droobfest wrote: post #2

Imagine making a typo in the receiving address

Yeah. It seems silly to perform this transaction all at once. The size of this transaction magnifies the consequences of any sort of error and attracts what I'm guessing is very unwanted attention.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#8

Post by sudden » Mon, Sep 09, 2019, 5:22 PM UTC

That was me.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#9

Post by ulzeraj » Mon, Sep 09, 2019, 5:22 PM UTC

Probably related to Bakkt. The interesting thing here is how inexpensive was the transaction fee. How does banks transfer this kind of sum and how much would it cost?

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#10

Post by murph-almighty » Mon, Sep 09, 2019, 5:22 PM UTC

Droobfest wrote: post #2

Imagine making a typo in the receiving address

"Life changing amount of money" is an understatement. Imagine trying to launder a billion dollars, surreptitiously.