After three years of inactivity, an address has moved 6,500 BTC, worth $694 million.

BlockBeats News, October 18th, according to LookIntoChain monitoring, the wallet bc1ql7c was activated after three years of dormancy, just now transferring all 6,500 BTC (worth $694 million) to a new address. These 6,500 BTC were originally obtained from Ivanov (Bilyuchenko) three years ago.

Ivanov (also known as Bilyuchenko) is a Russian cryptocurrency entrepreneur, accused of co-founding the BTC-e and WEX exchanges, and laundering hundreds of thousands of bitcoins stolen from Mt. Gox in Dalian.