Early Ether wallet wakes after 11 years, shifting roughly $4.6 million in ETH

Bitcoinist reported that a dormant early Ethereum wallet has come back to life after 11 years. The wallet address begins with 0x7dDd and received ether during the network's 2015 genesis period. Whale Alert flagged the activation on November 10, drawing attention to the long gap in activity.

Before the main movement, the wallet sent a test transaction of 0.05 ETH. About 38 minutes later, it moved roughly 2,154.94 ETH, worth about $4.6 million. The funds reached the intended destination without being redirected.

Within three minutes, lookalike addresses made attempts at address poisoning. One suspicious address sent 43 small transfers. Etherscan linked lookalike funding accounts to phishing activity, which connects the lookalike addresses to scam-related behavior.

The owner's identity and the reasons for moving the funds are both unknown. The wallet had sat untouched for 11 years before this activity began. No explanation has been offered for the move.