Another 5,000 Bitcoin Source Rises from Mt Gox After Nearly 9 Years of Dormancy – Bitcoin News

Last week, News reported that two old Bitcoin addresses created in 2013 sent 10,001 Bitcoins to multiple wallets. Heuristics and clustering techniques indicate that the bitcoins are linked to Mt Gox, the exchange that was hacked around June 2011. Coins have also been linked to Mt Gox in some fashion.

The 15,001 Bitcoin Onchain story is linked to the Matt Gox saga

Another 5,000 so-called ‘sleeping bitcoins’ were transferred on September 4, 2022 from a wallet created on December 19, 2013. The incident happened five days after 10,001 Bitcoins (BTC) were seized by from two Bitcoin addresses that were created almost nine years ago on the same day in 2013. In the year The 5,000 BTC sent on September 4, 2022 has a mysterious history as it is linked to the now defunct Mt Gox bitcoin exchange. Exchange was hacked in June 2011.

In June 2011, Mt Gox was hacked and Reports At the time, 25,000 BTC from 478 accounts were stolen from the exchange. After the breach, an individual Mt Gox user base was publicly published on Pastebin with fake passwords. On Sunday, June 19, 2011, MT Gox saw volatile trading activity and on that day the price of BTC dropped from $17 to $0.01 per unit. 2,000 BTC was reported stolen on June 19, 2011. The BTC address “1McUC” is somehow linked to the Mt Gox saga and was created on June 19, 2011. The bitcoin address “1McUC” was also linked to 15,001 BTC transferred on August 28, August 29 and September 4, 2022. .

While our news desk reported on the 10,001 BTC associated with Mt Gox, the movement of the coins was less popular. Coindesk columnist Jocelyn Yang, however, discussed the situation with a data engineer at Coin Metrics. The engineer said the bitcoins from 2013 could be linked to “an old Kraken cold storage address, Kraken’s OTC (over the counter) deal.” [or] User of the Kraken. Then on September 3, 2022, an OXT researcher ergobtc Published by A Twitter thread OXT user Taysia, the admin of the GFISchannel Telegram group, mentioned our report.

Referring to the work of, a well-informed OXT user [is] It’s much closer to the mark than Coindesk,” said Ergobtc. Although there are Kraken deposits, these coins are not from Kraken. They are, however, derived from Mt Gox and probably controlled by Jeb McCleb.

Ergobtc discussed the two addresses (1 and 2) and explained how OXT can trace back the source of the coins. “Doing so leads to a large collection of user annotations,” Ergobtc details. “The user’s annotation links to a blog post from this cluster. @wizsecurity Blog. WizSec is an expert on the Mt Gox saga. The blog post cites Jeb McCleb’s address and claims it was mistakenly claimed by CSW.

The Twitter thread further explains that the second transaction for 5,000 BTC was “clearly made to Coinbase”. Researcher of OXT Added:

Verified denomination by telling you when you split up to 10 BTC from secondary level. Distributed at a shared cost with Coinbase’s pooled addresses. These coins are from the Gox saga, and are probably controlled by Jeb McCleb. Sent two txs to Kraken and Coinbase for 5K BTC.

Another strange transaction related to Mt Gox Moves on September 4th

At block height 752,637, on September 4, 2022, 5,000 BTC was sent from “18xGH” and the address was created by two addresses that sent 10,001 BTC on the same day (December 19, 2013), Sunday, August 28, and Monday. , August 29, 2022. Moreover, the 5,000 BTC was also linked to the Mt Gox saga and the “1McUC” address by going back to the transactions. At the time of writing, address “bc1qp” has 4,929.43 BTC generated from 5,000 sent on Sunday. At 8:00 am (ET) on Monday morning, the coins were dispersed by a multi-signature Bitcoin address. News spoke with the manager of the GFISChannel Telegram group, Taisia, about the current activity.

Onchain visual provided by GFISchannel admin Taisia.

“The situation is very strange,” Taisia ​​told News. “Dave of has confirmed to us that in his opinion the bitcoins are indeed linked to Mt Gox and possibly belong to Jed McCaleb.” The GFIS channel manager said she spoke with former Mt Gox CEO Mark Karpeles, who “didn’t confirm this information directly, although it wasn’t stated that it was ‘close to the truth.’

“If these are indeed McCaleb’s bitcoins, why not make a statement to end speculation on this topic?” Tysia asked in an interview with News. “And, going back to the original question, why are all these moves being made now? Between the FUD, the trustee fees and Vinnik’s recent extradition to the United States.

Once again, Blockchain Analyst, OnChain Analysis and Heuristics have discovered thousands of Bitcoins in a spectacular fashion. These ancient bitcoins took almost nine years to wake up when BTC was trading at $19.9k. It should be noted that these coins have nothing to do with the bitcoin payouts associated with the Mt Gox trustee, unless coincidentally with the administrator’s latest update. At the moment, Mt Gox creditors have not seen a hard date set for payment distribution, despite last week’s rumors and false reports that this is the case.

Tags in this story

“18xGH”, 10001 BTC, 134K, 1McUC Address, 2011, 2011 Hack, 2011 Mt Gox Breach, 2013, 2022, 5000 BTC, Bitcoin, Bitcoin (BTC), BTC-e Exchange, BTCparser, Btcparser, Btccurrency, GFISchannel , gfoundinsh*t , Jed McCaleb , Mt Gox , Mt Gox Stash , Onchain Activities , Onchain Research , OXT , OXT Researcher , September 4th , Stash , Thaisia ​​, Wex, Wales, Wales

What do you think about the whale that moved 15,001 bitcoins this week and its relationship with Matt Gox? Let us know what you think about this in the comments section below.

Jamie Redman

Jamie Redman is the news lead at and a financial tech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,700 articles for News about the disruptive protocols emerging today.

Image credits: Shutterstock, Pixabay, Wiki Commons, GFISchannel, OXT

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