Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B

2022.04.02 15:56

Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B

A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors.

Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. 2014 after a hack that compromised 850,000 BTC. In a recent interview, Karpeles disclosed that the exchange had roughly 200,000 BTC in possession during the company’s closure, out of which the trustee sold roughly 50,000 BTC for $600 million in the past.

Details about the 6,800 BTC transfer between Mt. Gox and unknown wallet. Source: WhaleAlert

Source