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Mystery Miner Sweeps 9,000 Bitcoin Cash From Segwit Address

Over the course of two years, an unknown mining entity managed to sweep addresses for lost Bitcoin Cash (BCH), taking the coins as their own instead of returning them to owners.



LOST COINS GREW SINCE 2017 BITCOIN CASH HARD FORK


Bitcoin Cash (BCH) stepped into a problem soon after its launch in August 2017. Due to address format similarities, over the years, BCH users mistakenly sent out coins to SegWit addresses, which are not supported on the Bitcoin Cash network. Over the years, the possibility to send coins was not fixed, and up to 18,000 BCH was sent mistakenly. Mistaken transactions picked up in 2018 and 2019, due to the relative novelty of SegWit addresses.



The newest data from Coinmetrics shows that known pools through their coin recovery programs managed to claw back about half of the coins and return them to the owners. But one “unknown” miner managed to mine enough blocks to sweep about 9,000 BCH. Jameson Lopp, Bitcoin supporter, tweeted on the so-called “BCH jackpot” Read More...