Mt. Gox wallet moves $1B Bitcoin amid market volatility
The defunct exchange has shuffled 12,000 BTC to an unidentified wallet address in its latest move.
Bankrupt crypto exchange Mt. Gox has started shifting Bitcoin again, with 12,000 BTC on the move in a tumultuous week rattled by market volatility.
On March 6, Arkham Intelligence alerted its users on X that the Mt. Gox wallet (1PuQB) had moved 12,000 coins (BTC) worth a little over $1 billion. The transaction cost $1.64 in fees.
At the same time, 166.5 BTC worth around $15 million was sent to the Mt. Gox cold wallet (1Jbez), while the remainder of the assets were moved to an unidentified wallet (1Mo1n), which currently holds a balance of 11,834 BTC.
