{"id":12553,"date":"2022-04-02T11:40:43","date_gmt":"2022-04-02T11:40:43","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12553"},"modified":"2022-04-02T11:40:43","modified_gmt":"2022-04-02T11:40:43","slug":"mt-gox-wallet-transfers-6800-btc-as-ex-ceo-plans-to-redistribute-6b","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12553","title":{"rendered":"Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-v-2a0745c6=\"\">\n<p>A cold wallet belonging to the infamous Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) 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.\u00a0<\/p>\n<p>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 <a target=\"_blank\" href=\"https:\/\/forkast.news\/mt-gox-may-bitcoin-mark-karpeles-ungoxed-nft\/\" rel=\"noopener nofollow\">interview<\/a>, Karpeles disclosed that the exchange had roughly 200,000 BTC in possession during the company\u2019s closure, out of which the trustee sold roughly 50,000 BTC for $600 million in the past.<\/p>\n<p>According to Karpeles, the remaining 150,000 BTC currently held by Mt. Gox has grown in value over the years \u2014 and is worth over $6 billion. After this revelation, the former CEO confirmed plans to redistribute the money and settle scores with the creditors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">           6,800 <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#BTC<\/a> (318,980,017 USD) transferred from <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MtGox?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#MtGox<\/a> Cold Wallet to unknown wallet<a target=\"_blank\" href=\"https:\/\/t.co\/sYczH1c8ho\" rel=\"noopener\">https:\/\/t.co\/sYczH1c8ho<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a target=\"_blank\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1509956017861312516?ref_src=twsrc%5Etfw\" rel=\"noopener\">April 1, 2022<\/a><\/p><\/blockquote>\n<p>Five days after Karpeles\u2019 interview, Crypto Twitter\u2019s @whale-alert highlighted that 6,800 BTC, worth nearly $319 million, were transferred to an unknown wallet from a cold wallet belonging to the now-defunct Mt. Gox exchange.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/81272944-49ed-4ec4-90b6-9edb1bc1d522.png\" \/><figcaption style=\"text-align: center\">Details about the 6,800 BTC transfer between Mt. Gox and unknown wallet. Source: WhaleAlert<\/figcaption><\/figure>\n<p>Despite being non-operational for over 8 years, the Mt. Gox team has previously shared a <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/mt-gox-rehabilitation-plan-is-now-final-and-binding\" rel=\"noopener\">rehabilitation plan to compensate creditors<\/a>. However, the 6,800 BTC transfer signals a possible commencement of the plan.<\/p>\n<p><strong>Related: <\/strong><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/rare-bears-discord-phishing-attack-nabs-800k-in-nfts\" rel=\"noopener\"><strong><em>Rare Bears Discord phishing attack nabs $800K in NFTs<\/em><\/strong><\/a><\/p>\n<p>While crypto businesses continue to adopt various security measures to fend off attacks, bad actors have kept up with the change to lure in unwary investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Warning <a target=\"_blank\" href=\"https:\/\/twitter.com\/BearsRare?ref_src=twsrc%5Etfw\" rel=\"noopener\">@BearsRare<\/a><br \/>Discord has unfortunately been compromised. Please DO NOT click any links, connect your wallet and block all incoming DMs in our discord. Our team are working on the situation as we speak <\/p>\n<p>\u2014 Rare Bears (@BearsRare) <a target=\"_blank\" href=\"https:\/\/twitter.com\/BearsRare\/status\/1504293859467350019?ref_src=twsrc%5Etfw\" rel=\"noopener\">March 17, 2022<\/a><\/p><\/blockquote>\n<p>On Mar. 18, the recently launched nonfungible token (NFT) project, Rare Bears, confirmed a successful phishing attack \u2014 resulting in a loss of nearly $800,000 in NFTs.<\/p>\n<p>As Cointelegraph reported, the hacker was able to compromise a moderator\u2019s account on Discord and posted phishing links that ultimately drained user wallets. The Rare Bears team was eventually able to remove the compromised account and secure the server from further attacks.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/mt-gox-wallet-transfers-6-800-btc-as-ex-ceo-plans-to-redistribute-6b\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.\u00a0 Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. 2014 after a hack that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[194,6866,6865,294,6867,926,1130],"class_list":["post-12553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-btc","tag-exceo","tag-gox","tag-plans","tag-redistribute","tag-transfers","tag-wallet"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNTczN2ZjMDktOGVjOC00ZjM5LWI0MDMtNWEyNTMwNGYwNmFiLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12553"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12553\/revisions"}],"predecessor-version":[{"id":12555,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12553\/revisions\/12555"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12554"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}