AMLBot Says More Than 100 Bitcoin Linked to Mt. Gox Receiving Wallets Were Burned

A total of 107 BTC was sent in five transactions to the Bitcoin burn address 1111111111111111111114oLvT2, permanently removing the coins from practical circulation. Existing reporting linked the funds to Mt. Gox receiving wallets based on AMLBot’s tracing, while the new report from Lookonchain says the Bitcoin came from five wallets that had reportedly been inactive for more than a decade. The latest article values the destroyed BTC at about $8.3 million, compared with earlier estimates of roughly $8.7 million and other lower figures that reflected Bitcoin price changes rather than a change in the amount burned. The sender and motive remain unconfirmed.

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