Scammers Use OP_RETURN to Lay Claim to Mt. Gox’s Lost 80,000 Bitcoin

A disturbing new scam is leveraging the obscure OP_RETURN feature in Bitcoin transactions to target one of the most infamous addresses in crypto history — the 1Feex wallet containing approximately 80,000 $BTC stolen from Mt. Gox. That stash is worth over $8.7 billion at current prices, making it a prime target for fraudsters attempting to claim legal rights over it. How OP_RETURN Is Helping Scammers Target Mt. Gox’s Missing 80,000 Bitcoin The Mt. Gox collapse in 2014 resulted in 850,000 $BTC going missing. Although 140,000 $BTC were recovered for creditor repayments, wallets like 1Feex have remained untouched until now. Whoever is behind the scam is likely banking on two outcomes. The first is collecting sensitive user data by masquerading as the wallet’s custodian. Second, they are laying the groundwork for a legal claim to ownership, perhaps similar to past lawsuits aimed at forcing Bitcoin developers to hand over access to lost coins. Going by the latter, BitMEX Research has uncovered a scam. It involves sending small transactions to legacy Bitcoin addresses using the OP_RETURN field. This is a space in the Bitcoin blockchain meant to store arbitrary data. One such transaction to the dormant 1Feex address contains a message directing viewers to a suspicious website. The linked website represents a client who has taken “constructive possession” of the wallet and is seeking to identify a “bona fide owner.” It reportedly claims affiliation with the historic Wall Street firm Salomon Brothers. However, BitMEX researchers state that the links are fake. BitMEX Research team also pointed out that the site seeks personal identification data under pretenses. The scam attempts to cloak itself in legal legitimacy. Matthew Sigel, Head of Digital Assets Research at VanEck, reflects broader concerns in the crypto community, especially regarding the scam’s legal framing. Why Calvin Ayre’s Legal History Resurfaces in OP_RETURN Ownership Controversy Users immediately mentioned Calvin Ayre, a longtime Bitcoin SV proponent and controversial figure. Ayre has reportedly funded legal actions asserting ownership over dormant or stolen Bitcoin. However, some users took this insight with a pinch of salt, cautioning against slander. More closely, one user asked for proof that Ayre has run phishing-style scams. Notwithstanding, the fact remains that OP_RETURN is now being weaponized in a gray zone between spam and pseudo-legal attacks. Meanwhile, this scam arrives amid renewed controversy over OP_RETURN limits in Bitcoin Core. BeInCrypto reported on a proposal to restrict OP_RETURN data to 80 bytes under Bitcoin Core v0.30. The report cites network bloat and spam concerns. While the limit remains under review, the new wave of scams may give fresh weight to the argument for tighter controls. Further, in late April, BeInCrypto reported a rift among Bitcoin Core developers triggered by Peter Todd’s proposal to restrict OP_RETURN even further. Critics argued that it would stifle innovation and off-chain use cases. Meanwhile, others supported it to reduce attack surfaces and abuse. However, as this new exploit demonstrates, OP_RETURN is now being twisted for phishing schemes. Bad actors prey on legal uncertainty and dormant assets. In this case, billions are at stake as the line between technical freedom and exploitable vectors is again under scrutiny. The interest comes as OP_RETURN transactions anchor these messages immutably into Bitcoin’s ledger.