EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

10,000 BTC Moves Off Crypto Wallet Linked To Mt. Gox Hack

Admin by Admin
November 24, 2022
in Crypto News
0
Shiba Inu Price Drops Further Despite Being Whales Favorite
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

The crypto was dormant in the account for over seven years and with the move, a majority found its way to personal wallets.

A crypto wallet belonging to the shutdown crypto exchange BTC-e has just moved 10,000 Bitcoin BTC $16,627, currently worth over $165 million, to various exchanges, and personal wallets.

While this withdrawal is the largest made by BTC-e since April 2018, BTC-e and WEX, an exchange that is thought to be BTC successor both sent small amounts of BTC to Russian electronic payments service Webmoney on Oct. 26 before making a test payment on Nov. 11, then transferring out a further 100 BTC on Nov. 21.

Of the total amount sent, 9,950 BTC is thought to still be located in personal wallets, while the rest was moved through intermediaries before ending up at four deposit addresses in two large exchanges.

Blockchain analytics firm Cryptoquant co-founder and CEO, Ki Young Ju, also verified the findings noting 0.6% of the funds were sent to exchanges and may represent sell-side liquidity.

Mt. Gox was a Tokyo-based cryptocurrency exchange that once accounted for more than 70% of Bitcoin transactions. In 2014, the exchange was hacked with thousands of Bitcoin stolen, the exchange filed for bankruptcy shortly after.

BTC-e, which had its servers located in the United States, had its website shut down and funds seized by the Federal Bureau of Investigation (FBI) in 2017 after allegations that it was involved in money laundering, including crypto stolen during the Mt. Gox exchange hack.

At the time of its shutdown BTC-e still held a substantial amount of Bitcoin, and in April 2018 moved over 30,000 BTC out of its service wallet.

While the owners of BTC-e attempted to remain anonymous, Alexander Vinnik is thought to be the main operator and has been embroiled in legal battles for the last five years as a result.

A WizSecurity report released in 2017 alleged that BTC-e and Vinnik were directly involved in the theft of Mt. Gox Bitcoin and user funds, with the latter being forced to suspend trading and close its website after the losses.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptoCrypto wallet
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

FTX Hacks Prove It Was Right To Secure Its Assets

Next Post

Russia Intends To Launch A National Crypto Exchange

Admin

Admin

Next Post
CFTC Commissioner Says Congress Must Order Crypto Regulators To Cooperate

Russia Intends To Launch A National Crypto Exchange

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 2023

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>