Bitcoin News and Finance
Debunked: FBI-Owned Bitcoin Wallet Erroneously Tied to Late Russian Oligarch Prigozhin in Recent Speculation Skip to main content

Debunked: FBI-Owned Bitcoin Wallet Erroneously Tied to Late Russian Oligarch Prigozhin in Recent Speculation

Debunked: FBI-Owned Bitcoin Wallet Erroneously Tied to Late Russian Oligarch Prigozhin in Recent Speculation

Amid swirling speculations about the third biggest bitcoin wallet, chatter has now emerged linking the fifth largest BTC wallet to the late Yevgeny Prigozhin, former owner of the Wagner private military company (PMC). However, a straightforward blockchain explorer search clearly indicates the wallet bears a label identifying it as property of the U.S. government. Nevertheless, this hasn’t deterred the media and netizens from propagating unfounded theories.

Misguided Claims Connect FBI-Owned Bitcoin Wallet to Russian Magnate Prigozhin

Recently, there was buzz about the third biggest bitcoin (BTC) wallet. Now, attention has shifted to the fifth-largest BTC wallet, with many making audacious claims regarding its ownership. Cryptocurrency news outlets, along with a flurry of social media posts on platforms like X and Facebook, are asserting that this wallet was owned by the late Yevgeny Prigozhin. Rumors swirled about Prigozhin, the former PMC head, and his links to crypto, especially after his tragic demise in a plane crash near Tver Oblast.

While it’s plausible that the Russian magnate, Prigozhin, dabbled in cryptocurrencies like Bitcoin, the ownership of the fifth-largest BTC wallet isn’t his legacy. In reality, the U.S. government holds the keys to this vault, having confiscated a whopping 94,643 BTC — valued at $2.4 billion today — from the culprits behind the Bitfinex hack. Blockchain aficionados can spot this wallet’s affiliation easily on explorer platforms like Arkham and oxt.me. Its provenance is also clear from the U.S. Justice Department’s public statements and initial reports on the seizure.

Nevertheless, the tale of Prigozhin’s alleged link with this wallet gained traction, reminiscent of the many baseless speculations that often engulf the crypto realm. It’s akin to the earlier social media frenzy suggesting Blackrock owned the third-largest bitcoin wallet. Such narratives crumble upon closer scrutiny of the Bitcoin blockchain, yet many skip this essential step, perpetuating fictionalized accounts on social media without verification.

Some have pointed out that, despite the absence of solid proof, there’s indirect evidence suggesting the wallet might belong to the late Russian Oligarch. However, this notion is completely unfounded and a total fabrication. There’s not an iota of evidence supporting such a claim, while there’s irrefutable onchain data confirming the wallet’s ownership by the FBI.

What do you think about the rumors swirling about concerning these large bitcoin wallets? Share your thoughts and opinions about this subject in the comments section below.

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Post a Comment
Read more
Blogarama - Blog Directory