Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
Quick Take The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January. Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Bankrupt crypto exchange Mt. Gox transferred over $1 billion worth of bitcoin to an unmarked address today, according to Arkham Intelligence data.
The address "1Mo1…9gR9" received approximately 11,834 BTC, worth about $1.07 billion, from Mt. Gox's "1PuQB" wallet at around 3:17 UTC on Thursday, Arkham data shows. This is Mt. Gox's first larger transaction since late January.
Around the same time, Mt. Gox also sent 166.5 BTC, worth $15.12 million, to its cold wallet "1Jbez" just a few minutes after the $1.07 billion transaction.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest bitcoin exchange by 2013, servicing 70% of all bitcoin trades worldwide. However, it stopped all withdrawals in early 2014 when the business suspended trading. The site soon went offline, and the company filed for bankruptcy protection after losing over 800,000 BTC.
Thousands of creditors have been waiting to have their bitcoin returned. In October 2024, Mt. Gox announced the repayment deadline was pushed back by 12 months to Oct. 31, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Deep Reflection: I Wasted Eight Years in the Crypto Industry
In recent days, an article titled "I Wasted Eight Years in the Crypto Industry" has garnered over a million views and widespread resonance on Twitter, directly addressing the gambling nature and nihilistic tendencies of cryptocurrencies. ChainCatcher now translates this article for further discussion and exchange.
Altcoin ETFs are launching in droves, so why aren’t they driving up token prices?
Ethereum's "DA Dawn": How the Fusaka Upgrade Could Make Celestia and Avail Seem "Redundant"?
The article discusses the concept of modular blockchains and Ethereum's performance improvement through the Fusaka upgrade. It analyzes the challenges faced by DA layers such as Celestia and highlights Ethereum's advantages. The summary was generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated.
Rising Bitcoin ‘liveliness’ indicator suggests bull market may continue: analysts
Trending news
MoreCrypto prices
More
