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Dormant Bitcoin Wallet Linked to Mt Gox Saga Moves $60 Million For First Time Since 2013 – Bitcoin News
According to onchain data, a bitcoin whale address transferred 2,071.5 bitcoins, worth approximately $60 million, after being dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that sent 10,000 bitcoins last summer for the first time in nine years and is associated with the now defunct exchange Mt Gox.
2,071 Bitcoin spent on Wednesday linked to ‘1McUC’ Mt Gox associated address
On April 19, 2023, at 16:45 (UTC), a previously inactive wallet since 2013 moved 2,071.5 BTC. The hold was valued at about $1.36 million when it first arrived at the address “1JdTW” and had grown to $60 million by the time of Wednesday’s transfer. Several BTC parsers, including Btcparser.com caught the move. Furthermore, Bitcoin.com News discussed it with blockchain researcher Taisia, the administrator of the Telegram channel “GFISchannel”.
Taisia identified that the funds were linked to the “1McUC” address that Bitcoin.com News reported on in August 2022. The “1McU” address is related to the now-defunct crypto exchange Mt Gox and may be connected to the exchange hack that took place on 19 .June 2011. According to Taisia, the most intriguing aspect of the 2,071.5 BTC move on Wednesday is its origin.
Taisia stated that the investigation of the original chain of motion revealed two wallet groups previously identified as leading to the same “1McU” address mentioned in two articles last year. “In my opinion and those of several blockchain analysts, this wallet belonged to Jed McCaleb, Mt Gox’s original owner and Ripple’s creator,” the analyst added.
Many people noticed The 2,071.5 BTC move, as Taisia; OXT researcher Ergo BTC also linked the transaction to the “1McUC” address. “First activity in this wallet sequence since last summer. 4K [bitcoin] left,” Ergo wrote. “[By the way,] this was a Kraken deposit,” Ergo added. Using our heuristics and onchain clustering tools, Bitcoin.com News can confirm that the funds are associated with the “1McUC” address and the Mt Gox saga.
What do you think of the significance of this recent movement of dormant bitcoin linked to Mt Gox? Share your thoughts in the comments section below.
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