Post
Topic
Board Bitcoin Discussion
Re: what is this bitcoin holder trying to achieve?
by
redskins49
on 01/09/2014, 18:57:34 UTC
https://blockchain.info/address/1N5xzKKSB55x16JWv25FryVWTpzgvp5EXG

I don't understand what's the point of creating a new wallet, transferring almost all the money there, making a new wallet and doing the same repeatedly until you reach around 680 BTCs.

thank you in advance
He is likely a mixing service. I know that bitmixer.io works like this. They will send a TX to the output BTC address from the mixing transaction, and the change will be sent to a fresh address.