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Dormant Ethereum genesis wallet moves $4.59M and dodges instant scam attempts

An early Ethereum wallet transferred 2,155 ETH worth approximately $4.59 million after more than a decade of dormancy, evading lookalike address-poisoning attacks deployed minutes after it became active.

Blockchain explorer transaction log showing a transfer of 2,154.94 ETH alongside incoming dust transactions from lookalike addresses.
Image: @Cointelegraph

An early Ethereum wallet inactive for over a decade moved its entire stash of approximately 2,155 ETH, valued at $4.59 million, according to tracking by on-chain analytics platform Lookonchain. Blockchain data shared by Lookonchain shows the wallet transferred 2,154.94 ETH from address 0x7dDd5716...9834759Bc to 0x1321beb8...cC7931A44 at block 26380397.[2][4]

The wallet acquired 1,400 ETH during the initial coin offering at roughly $0.31 per token—a total cost of about $434—allocated at Ethereum's genesis 4,120 days ago, Lookonchain reported. An additional 755 ETH was withdrawn from Bitfinex 3,877 days ago, when ether traded at around $11.74.[2]

Automated scam bots detected the wallet as soon as it stirred, rapidly executing address-poisoning attempts by sending dust transactions from lookalike addresses, according to reporting by CoinDesk. Transaction records reveal several incoming transfers from addresses mimicking the target destination around the same block, but the wallet owner avoided the trap and routed the funds to the intended address.[1][3][4]

Key facts

  • A dormant Ethereum wallet moved 2,154.94 ETH, valued at approximately $4.59 million, after more than 10 years of inactivity.
  • The wallet originally purchased 1,400 ETH during the Ethereum ICO for $0.31 per coin ($434 total) and received them from the genesis block 4,120 days ago.
  • The wallet later withdrew 755 ETH from a Bitfinex address 3,877 days ago when ether traded at $11.74.
  • The 2,154.94 ETH transfer was executed from address 0x7dDd5716...9834759Bc to 0x1321beb8...cC7931A44 at block 26380397.
  • Bots attempted an address-poisoning scam by injecting lookalike addresses with small dust transfers into the wallet's transaction history within minutes of activity.
  • The wallet owner sent the funds to the correct destination, successfully evading the scam attempt.

Sources · 4 sources

  1. CO

    CoindeskArticle ·

    An 11-year-old Ethereum wallet moved $4.6 million and dodged a scam set up in minutes Bots spotted a wallet from Ethereum’s 2015 launch the moment it stirred and planted lookalike addresses in its history, but the owner sent the money to the right place anyway.

    Open source
  2. LO

    Lookonchain@lookonchainPost on X ·

    An Ethereum OG wallet woke up after over 10 years of inactivity and moved all 2,155 $ETH ($4.59M) 2 hours ago! The OG bought 1,400 $ETH during the ICO at just $0.31 each ($434 total) and later withdrew another 755 $ETH from #Bitfinex when $ETH was trading at $11.74. https://t.co/srP5LiHkIh

    Open source
  3. CB

    Crypto BriefingArticle ·

    Genesis-era Ethereum wallet moves millions after a decade, scam attempts follow within minutes The rapid scam attempts highlight the need for heightened security measures and vigilance in crypto transactions, especially for dormant wallets. The post Genesis-era Ethereum wallet moves millions after a decade, scam attempts follow within minutes appeared first on Crypto Briefing .

    Open source
  4. CO

    Cointelegraph@CointelegraphPost on X ·

    🔥 BULLISH: An Ethereum OG wallet dormant for over a decade just moved 2,155 ethereum:native worth $4.59M. During the ICO, this OG bought 1,400 ethereum:native at just $0.31 each, per Lookonchain. https://t.co/IcjMCzjfnj

    Open source