Mt. Gox Transfers Over 10,000 Bitcoin to New Address
According to blockchain data, Mt. Gox moved 10,608 BTC from cold wallets to hot wallets and then to an unconfirmed address, prompting renewed speculation about potential creditor repayments.
BTC
Summary
Mt. Gox transferred about 10,608 BTC, valued at roughly ¥147 billion (approximately $950 million), from cold wallets to hot wallets before sending them to an unconfirmed address. Blockchain records show 10,422 BTC went to the new address and 185.5 BTC returned to its hot wallet. The exchange, which lost 850,000 BTC in a 2014 hack, still holds about 34,689 BTC worth nearly $3.1 billion. Although large BTC transfers by Mt. Gox have historically preceded repayments to creditors, there is no confirmation this movement is tied to such activity.
Terms & Concepts
- Mt. Gox: A former cryptocurrency exchange based in Japan that ceased operations in 2014 after losing approximately 850,000 BTC in a hack.
- Hot Wallet: An online cryptocurrency wallet connected to the internet, used for quick access and transactions but more vulnerable to hacking.
- Cold Wallet: An offline cryptocurrency storage solution, offering enhanced security against online threats and unauthorized access.