The story of 'The Sleeping Wallet' and the millions of Bitcoin lost to nowhere
In 2011, when Bitcoin was worth only a few dollars, one anonymous user — let's call them 'The Sleeper' — received over 8,000 BTC to their Bitcoin address. Converted to 2025, that's over 500 million dollars. The address was created, coins were received... and that was it. Not a single transaction from it for 12 years. It was as if it had been forgotten.