A wallet linked to the defunct cryptocurrency exchange BTC-e has suddenly awakened after lying dormant for over five years.

What Happened: Over 10,000 Bitcoin (CRYPTO: BTC) worth $167 million were sent from the BTC-e exchange to two unknown addresses that received 3,500 and 6,500 BTC, according to blockchain.com.

The wallet that received 3,500 BTC sent 300 BTC to another wallet, which was then sent even further into several more wallets.

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n Wednesday, blockchain analytics firm Crystal Blockchain identified the wallet utilized in the transaction as being associated with BTC-e.

Russian crypto entrepreneur Sergey Mendeleev posted the transaction on his Telegram account after noticing it. 

Price Action: BTC was trading at $16,683.74, up 1.12% in the past 24 hours, according to Benzinga Pro data.