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Mt. Gox moved bitcoins by $ 2.4 billion

2:45 pm, November 11, 2024

The controversial cryptocurrency exchange Mt. Gox transferred $ 2.4 billion in bitcoins BTC $90,438.09 Bitcoin -0.80% Market capitalization $1.79 trillion VOL. 24 hours $2.13 billion to two new wallets on Monday, a move that comes amid record-breaking growth in bitcoin, which crossed the $ 81,000 mark over the weekend.

It is noted that more than 30,000 BTC were transferred from the wallet «1FG2C…Rveoy» to the new wallet «1Fhod…LFRT» and another $ 200 million to the cold wallet Mt. Gox cold wallet.

Reportedly, «1FG2C…Rveoy» became the largest recipient of bitcoins in the movement of funds from Mt. Gox wallets last week.

Photo: Arkham

Such wallet transfers are often part of the process of consolidating assets to new addresses before bitcoins are sent to cryptocurrency exchanges for sale on the open market.

As you know, Mt. Gox was the largest cryptocurrency exchange, processing more than 70% of all bitcoin transactions in the initial stages of the market development, but in early 2014, the exchange fell victim to a hacker attack that resulted in the loss of about 740,000 bitcoins (worth more than $ 15 billion at current rates).

It was one of the largest hacking incidents among numerous attacks on the exchange in 2010−2013. According to the latest documents, the trustees have developed a reimbursement plan that runs until October 31, 2025.

As you know, on Sunday, November 10, bitcoin reached $ 79,788. As of the time of writing, the market leader’s value is $ 81,035.

By the way, the analytical firm Arkham Intelligence reported that the defunct crypto exchange Mt. Gox transferred another $ 2.19 billion to two unknown wallets. Of this amount, 30,371 bitcoins were transferred to the 1FG2C… Rveoy wallet, and an additional 2,000 bitcoins were first transferred to a cold wallet and then to the 15gNRV… Aok wallet.

As a reminder, the prices of the main cryptocurrencies, bitcoin, ethereum, and Dogecoin, have fallen after the bankrupt cryptocurrency exchange Mt. Gox transferred over $ 780 million worth of bitcoins.

Earlier, on July 31, the cryptocurrency exchange Mt. Gox, which collapsed in 2014, transferred another $ 2.5 billion in bitcoins.

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