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A crypto wallet belonging to the closed crypto exchange BTC-e moved 10,000 bitcoins (Bitcoin), currently worth more than $165 million, was transferred to various exchanges, personal wallets and other sources on November 23rd.
A November 23rd Chainalysis report This withdrawal is suggested to be the largest withdrawal made by BTC-e, BTC-e and WEX since April 2018. Considered the successor to BTC-e Both sent a small amount of BTC to Russian electronic payment service Webmoney on October 26th, made a test payment on November 11th, and sent another 100 BTC on November 21st.
Of the total amount sent, 9,950 BTC is believed to still be in personal wallets, while the rest was moved through intermediaries and eventually to four deposit addresses on two large exchanges. I was.
Ki Young Ju, co-founder and CEO of blockchain analytics firm Cryptoquant, also validated the findings pointing out that 0.6% of the funds were sent to exchanges, possibly representing sell-side liquidity. Did.
In a tweet on November 24th, Young Ju shared an image of the transfer, highlighting that the BTC had been in the wallet for over seven years.
7 years old 10,000 $BTC I moved today.
Naturally, it comes from criminals, like most old Bitcoins. BTC-e exchange wallet associated with the 2014 Mt Gox hack.
They gave 65 BTC @hitbtc It’s a few hours ago, so it’s not a government auction or anything like that.https://t.co/6LnCxFAJfX https://t.co/YdPrvJafxY pic.twitter.com/Sp2higUqbq
Ki Young Ju (@ki_young_ju) November 24, 2022
Young Ju also noted that 65 BTC was transferred to cryptocurrency exchange HitBTC, suspend Suspicious activity account.
Related: Crypto Survived the FTX Collapse: Chainalysis
Mt. Gox is a Tokyo-based cryptocurrency exchange that once accounted for over 70% of Bitcoin trading. In 2014, the exchange was hacked, thousands of bitcoins were stolen, and the exchange soon filed for bankruptcy.
BTC-e, which had servers in the United States, had its website shut down and funds seized by the Federal Bureau of Investigation (FBI) in 2017. Gox exchange hack.
According to Chainalysis, BTC-e still held a significant amount of bitcoin at the time of its closure, moving over 30,000 BTC out of service wallets in April 2018.
The owner of BTC-e tried to remain anonymous, but Alexander Vinnik is believed to be the main operator, get involved in a legal battle As a result, the last five years.
A WizSecurity report released in 2017 claimed that BTC-e and Vinnik were directly involved. Mt. Gox Bitcoin and Theft of User Fundsthe latter was forced to suspend trading and close its website after the loss.
