Mt. Gox Wallet Continues to Move Billions in Bitcoin

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6 hours ago
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Mt. Gox, the once-famous Bitcoin exchange that collapsed in 2014, has recently been involved in large-scale Bitcoin transfers.

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On November 5, according to data from the monitoring system of <Arkham>, the wallet address of the Mt. Gox exchange has carried out a series of large Bitcoin transactions. Specifically, 30 minutes ago, this wallet address transferred 2,000 BTC - worth around $136 million - to the wallet address with the code "<15gNRVceULY553Mx5vw1KgDgr83MCa8Aok>".

Earlier the same day, the Mt. Gox wallet also made another notable transaction, transferring 32,371 BTC - equivalent to about $2.19 billion - to the address "<1FG2CvCnJAsb48Y1r3R43WwHwFJhXRveoy>".

Currently, Mt. Gox still holds around 44,378 BTC in its wallet, with an estimated value of up to $3 billion. These large-scale asset transfer movements from the Mt. Gox wallet continue to attract the attention of the community, especially in the context of the outstanding compensation claims from former users of the exchange that have not yet been fully resolved.

Previously, at 7:42 am on 11/1 (Vietnam time), Mt. Gox made a transfer of 500 BTC (equivalent to about $35.04 million) to two unidentified wallet addresses. Specifically, 31.78 BTC was transferred to the wallet address bc1qn2…qqn94s, and a larger amount, 468.24 BTC, was transferred to the wallet 12cTjQ…2C4mMJ. After receiving these BTC, the wallet address 12cTjQ…2C4mMJ continued to carry out additional Bitcoin distribution transactions to other addresses.

Details: Mt. Gox wallet suddenly transfers Bitcoin after more than 2 months of "dormancy"

The actions of Mt. Gox took place after more than 2 months of "silence". According to Arkham, the last time Mt Gox had a money transfer movement was on 8/21. At that time, Mt. Gox transferred 1,264.7 BTC to Bitstamp at 3:49 pm on 8/21 (Vietnam time), worth about $75.36 million.

On October 10, the Mt. Gox exchange announced an extension of the Bitcoin repayment period from October 31, 2024 to October 31, 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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