Hi, I'm not new to crypto but I only have surface level knowledge of how the blockchain works. I usually just stick to easy to use exchange sites like Coinbase. However, someone has been selling my friend's personal files through a bitcoin wallet and I was able to track down the wallet address.
When I checked out the transactions the wallet was doing, I saw they were collecting payments from people buying my friend's stuff without their consent. I then noticed that they've been transferring the money out of that wallet to another one.
The thing that has me lost now is that the transaction has 530 other wallets in it. I never knew this was possible. The wallet they were transferring the collected money too collected $242,135 in the transaction.
Would someone be able to explain if this is a normal thing in the community? Why 530 wallets would send all this money to one wallet?
I was trying to track these guys down to their source wallet they were withdrawing from but this wallet with millions of dollars has thousands of transactions. Any help or explanations of what this is would be appreciated.