Owners maybe of crypto exchanges, or gambling sites.


Not sure what you mean by this,

You can see the Top 100 richest bitcoin addresses.


We don't have names associated to bitcoin addresses, except a few again, including exchanges. So there is no consequences, the only thing is that since it is in a public ledger, anyone can track the movement, dates when it was move, where it move, fees associated with it.

Almost all the time whenever you find a bitcoin address containing a very large amount of bitcoin (like the one in your screenshot) it belongs to a centralized service that is holding other people's bitcoins (in this case a centralized exchange called Binance).

But it is not unheard of for an individual to own that much bitcoin either, remember that bitcoin price was not always this high and will not remain in this level forever. As it keeps rising, a small amount today would look like a lot in the future. For example the 50BTC block reward was once worth barely $0.5. Many individuals have bought or mined bitcoin those days.

There is no "consequence" of having money! Why would there be? There can only be consequence if the owner advertises it and puts themselves at risk of theft or other types of attacks/harm.

Clearly, the wallet that contained the $600 million worth of Bitcoin wasn't the scammer's wallet. It's one of Binance's wallets. And from this information, we can tell that the scammer is not really a wise scammer because he/she is using not only a centralized exchange but one which also requires KYC from all its users. Having said this, your brother should report this to Binance, along with all the evidences. This dumb scammer will not only lose his/her money, his/her identity would also be known.

Anyway, I'm not sure if there is an individual who owns 36,754.6BTC, but it is possible. Why will anybody possess such a huge amount? Well, it's probably the same reason that all of us want to have as much Bitcoin as possible, although I think such individual should be spreading his/her coins in different addresses. As to the consequences, I guess it's good because he/she doesn't have to be working anymore knowing that he/she's got $600 million already. He/she also won't have to stack more coins anymore because he/she's already got so many already. But he/she could also be targeted by scammers and robbers for owning so much.

I love all these stories of friends and brothers and colleagues getting scammed for thousands of dollars and/or parting way with thousands. All this within a network of people willing to change their name for a fistful of satoshi.

If these stories were true, then truly we are surrounded by people who are wealthy enough not to use Bitcoin properly.

Try contacting Binance on Twitter, or on their official website. Clearly and thoroughly explained what happen, as well as prepare your proof.

https://twitter.com/BinanceHelpDesk
https://www.binance.com/en/chat

How was the tracking done? Sometimes scammers mislead some by sending money to other people's Binance accounts or mixing them with some of the addresses belonging to Binance.
If you are sure that the money was sent directly to Binance, then your chance of recovering it is great, just be quick and contact the support team.
Other than that, perhaps if you post transaction ID , we may be able to give you more information.

and yes, Some whales (+10K BTC) post their bitcoins for commercial, tax or other reasons.

This address is not someone's personal address, it is a hot wallet of a largest exchangr  called Binance. So the scammer steals your bitcoins and deposits them in Binance Exchange so when you scan your wallets for Bitcoin transactions from your wallet it points to Binance Hot Wallet. So it is now almost impossible for you to spot the scammer

Yes, that's for sure.

Early adopters and buyers and most likely they've never touched it ever since and have believed or probably have forgotten that they own a lot. Remember that everyone has a timeline when we've bought bitcoin and lucky are those that have bought when it was one, two, three or four digits for its price.

Maybe there is and like how they're going to convert it all at once since policies for huge amount of transactions in exchanges and banks are quite strict.

Another one is the stress, a positive stress on how they're going to spend it.

Grayscale is not an individual but rather institutional investors that holds and manage all the assets invested to them by their customer. I agree that the only known individual that possessed huge amount of Bitcoin and true whale is Satoshi but there’s a lot of Bitcoin whale investors investors that privately stored there coins in there wallet like Elon Musk, Cz and other big person in crypto that too obvious that has the capacity to own huge chunk of Bitcoin without the need to prove by themselves.


1.) Yes they are but as the word private itself is self explanatory that we will have a hard time to track them 1 by 1.

2.)Why not if he/she truly believes on Bitcoin?

3.) What kind of consequences you are pertaining? Because only the price volatility is the only downside of Bitcoin which will be negligible in the long run if you just hodl.