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Bitcoin Wallet of the Failed BTC-e Exchange Bursts into Life

  • As per the blockchain data, this wallet address has strings attached to Mt. Gox which was hacked  in 2014 and lost over 744,408 BTC

  • Russian crypto entrepreneur Sergey Mendeleev was the first one to notice this transaction and he shared this information via his Telegram channel.

  • This news has come when the entire blockchain industry is undergoing a severe bearish market with a series of unfortunate events covering the news all over



24 Nov 2022 By : COIN GABBAR
Bitcoin Wallet of th

Crypto markets attracted everyone's attention when one of the inactive crypto wallets came to life yesterday. 

According to on-chain data, a crypto wallet transferred $10K Bitcoins with a value of over $165 million to two unknown wallets. 

The volume of this Bitcoin transaction gained the traction of all BTC holders as its sudden dump in the market might affect the prices of Bitcoin for a while. Different speculations about the owner of this wallet are being made in the market but due to the anonymous nature of blockchain networks, none could be named. 

Who Transferred 10K Bitcoins?

As per the blockchain data, this wallet address has strings attached to Mt. Gox which was hacked and lost over 744,408 BTC in 2014. This had forced the exchange to shut down its operation with immediate effect. However, one of the wallets related to this exchange migrated 10K Bitcoins to two wallets in uneven fractions of 3,500 BTC to the first and 6,500 BTC to the other this Wednesday. 

This transaction is also said to be associated with Russian investigative agencies that took down the replica of Mt. Gox in 2017 named WEX by forcing the admin to move millions worth of cryptocurrencies from the user funds to two officers of Russia's Federal Security Service (FSB). 

Russian crypto entrepreneur Sergey Mendeleev was the first one to notice this transaction and he shared this information via his Telegram channel. The news swept around the internet like wildfire as was got featured in the newsletter of a leading crypto information portal. 

This news has come when the entire blockchain industry is undergoing a severe bearish market with a series of unfortunate events covering the news all over. 

We at CoinGabbar hope that the transacted Bitcoins would not get dumped in the market all of a sudden. We will keep a close eye on the latest updates on the story so if you want to know what happens with these 10K Bitcoins, keep following CoinGabbar. 

Also Read - Scammer Activities Increased in Crypto Amidst Lasting Crypto Winter

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