Dormant Bitcoin Wallet Linked to Mt Gox Saga Moves $60 Million for the First Time Since 2013

According to on-chain data, a bitcoin whale address has transferred approximately 2,071.5 bitcoins (worth about $60 million) after being dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that transferred 10,000BTClast summer after a nine-year hiatus and is associated with the now-defunct exchange Mt Gox.

2,071 bitcoins

spent on Wednesday linked to “1McUC” Mt Gox-related address.

BTC. The stash was valued at roughly $1.36 million when it first arrived at that address”. 1JdTW” and had ballooned to $60 million by Wednesday’s transfer. Some. including Btcparser.com , BTCparserscaught the move. Additionally, Bitcoin.com News discussed it with blockchain researcher Taisia, who is the administrator of the telegram channel “GFISchannel.”

Taisiaconfirmedthat the funds were connected to “1McUC” address reported by Bitcoin.com News in August 2022. 1McU” address associated with now defunct crypto exchange Mt Gox and may be related to the June 19, 2011 exchange hack; according to Taisia, the most intriguing aspect of the 2,071.5BTCmove on Wednesday is its origin.

Taisia said that an examination of the original movement chain revealed two previously identified wallet groups leading to the same ‘1McU’ address mentioned in two articles last year.” The analyst added, “In my opinion and that of several blockchain analysts, the wallets belong to Jed McCaleb, the original owner of Mt Gox and creator of Ripple.

Many noticed2,071.5BTCmovement, as did Tysia, OXT researcherErgo BTCalso linked the transaction to a “1McUC” address.” Ergowrote, “The first activity in this wallet sequence since last summer. 4K [bitcoins] remained.” Incidentally, this was a Kraken deposit.” Ergoaddedthat Bitcoin.com News, using heuristics and on-chain clustering tools, can confirm that this fund is associated with the “1McUC” address and the Mt Gox saga.

Image Credits: Shutterstock, Pixabay, Wiki Commons.