$165,000,000 in Bitcoin Linked to Mt. Gox Suddenly Moves As Quant Analyst Issues Warning

$165,000,000 in Bitcoin Linked to Mt. Gox Suddenly Moves As Quant Analyst Issues Warning


The co-founder and chief executive of on-chain data analytics firm CryptoQuant is revealing that a stash of seven-year-old Bitcoin (BTC) linked to the hacking of the Mt. Gox exchange in 2014 is on the move.

CryptoQuant CEO Ki Young Ju says that 10,000 Bitcoin from the wallet of now-defunct crypto exchange BTC-e were allegedly moved by criminals, with a small portion of the stash being transferred to the HitBTC trading platform.

“Seven-year-old 10,000 BTC moved today. No surprise, it’s from criminals, like most of the old Bitcoins. It’s the BTC-e exchange wallet related to the 2014 Mt. Gox hack. They sent 65 BTC to HitBTC a few hours ago, so it’s not a government auction or something.”

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Source: Ki Young Ju/Twitter

Asked why the alleged

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