Wallet Linked to Mt. Gox Hack Moves 7-year-old 10,000 BTC

Last updated: February 12, 2024 3:45 AM

Published November 24, 2022 7:33 AM

Last updated: February 12, 2024 3:45 AM

Published November 24, 2022 7:33 AM

Wallet Linked to Mt. Gox Hack Moves 7-year-old 10,000 BTC

Japanese crypto exchange Mt. Gox, which was one of the largest in the early days of Bitcoin adoption until its demise in 2014, has made headlines once again. A wallet linked to the 2014 Mt. Gox hack moved a 7-year-old 10,000 BTC.

The wallet associated with the BTC-e exchange went live on November 23, carrying out its largest transaction since August 2017. These 10,000 BTC (roughly $166.8M) were sent to two addresses.

Wallet showing 7-10 yr old bitcoin movement

According to CryptoQuant founder Ki Young Ju, 65 BTC were moved to a single address, which is to the HitBTC Bitcoin exchange.

Also Read: US DOJ seize $3.36 Billion worth of decade-ago Stolen Bitcoin

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By Renuka Tahelyani

Renuka Tahelyani is a CA student, enthusiastic about everything Finance. She is still a wanderer in the crypto world aiming to keep up. When she is not reading a business journal she is either engrossed in a novel or planning an imaginary trip with imaginary cool people.