Bitcoin: 10,000 BTC from Mt.Gox hack wakes up after 7 years


The Return of the Living Dead BTCs – Since the hack and the fall of the defunct platform Mt. Gox in 2014, his (very) numerous bitcoins are the subject of a great deal of vigilance, not to say anxiety. Its aggrieved customers are also likely to see again soon more than a hundred thousand BTC after an interminable legal wait. But the 10,000 bitcoins that interest us today are themselves the result of piracy.

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$165 million in stolen BTC changes hands

Although this amount of bitcoins may seem mind-blowing today, the bankruptcy of Mt. Gox has resulted more than 840,000 BTC with her. According to a recent report by chain analysisexpert company in on-chain transactions – some of these bitcoins are being talked about again, after more than 7 years of sleep.

It is more exactly 10,000 bitcoins from the exchange wallet BTC-ewhich was permanently closed by US authorities in 2017. This crypto exchange is accused of having bleached cryptos stolen from Mt.Gox.

At the current price, this is the equivalent of approximately 165 million of dollars that was thus sent to “group of personal wallets and exchanges”, according to Chainalysis. In particular there would be 65 BTC (just over a million dollars) that would have arrived on the platform HitBTC.

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No one knows who has sentnor who has received, this immense windfall of bitcoins. Anyway, they are closely watched, both by the authorities and by observers of the crypto market. In addition to being dirty by the Mt.Gox hack, all those old bitcoins tied to the old crypto exchange could potentially destabilize prices. Some even consider that the catastrophe of Mt.Gox was bigger than FTX’s.

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