Unknown actors move 22,982 ETH that had been dormant for four years

On December 18, unknown actors moved 22,982 ETH (~$27.1 million) that had not moved for the last four years. PeckShield researchers noted this.

#PeckShieldAlert 2 Dormant addresses transferred 22,982 $ETH (~27.2M) to 2 fresh addresses, their last movement was October 2018 (1,535 days ago).
These $ETH originated from Genesis and Poloniex pic.twitter.com/MXKpLnypif

— PeckShieldAlert (@PeckShieldAlert) December 19, 2022

Amounts of 13,103.99 ETH and 9,878 ETH were transferred from two addresses to two new ones. The assets previously originated from Genesis and Poloniex trading platforms.

The price of the cryptocurrency at the time of the move in October 2018 was in the range of $220–$225. A portion of the funds arrived in February of the same year, when prices were around $756 and $869. Ethereum is currently trading close to $1,182.

PeckShield analysts provided no details beyond the pattern of the cryptocurrency’s movement.

Most commentators linked the assets to the DeFi project Core DAO.

The movement of long-dormant funds by unknown owners routinely draws the community’s attention. Usually this concerns early Bitcoins.

In May 2021 moved 500 BTC for the first time since the 2013 consolidation (~$27.6 million at the time). In September, an unknown moved 616 BTC, which had been dormant since 2012.

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