The infamous bitcoin (BTC) exchange cold wallet Mt Gox transferred 6,800 BTC to an unknown wallet just days after former CEO Mark Karpeles announced plans to redistribute $6 billion worth of BTC to his creditors.
Mt.Gox was a Tokyo-based bitcoin exchange that shut down in February 2014 after hacking 850,000 BTC. In a recent interview, Karpeles revealed that there were about 200,000 BTC on the exchange at the time of the company’s shutdown, of which the custodian had previously sold nearly 50,000 BTC for $600 million.
According to Karpeles, the value of the remaining 150,000 BTC currently owned by Mt.Gox over the years is over $6 billion. Following this disclosure, the former CEO confirmed plans to reallocate funds and settle accounts with creditors.
Five days after the interview with Karpeles, Crypto Twitters @whale-alert reported that 6,800 BTC, worth about $319 million, had been transferred to an unknown wallet from the cold wallet of the now defunct mountain of the Gox stock exchange.
Detailed information about the transfer of 6800 BTC between Mt.Gox and an unknown wallet. Source: WhaleAlert
Although the Mt.Gox team has been inactive for over 8 years, it was previously involved in a rehabilitation plan to compensate creditors. However, the transfer of 6800 BTC indicates that the scheme can be launched.
RELATED: Rare Bears Phishing Attack Hits $800,000 in NFTs
While crypto companies continue to use various security measures to prevent attacks, unscrupulous players keep up with the changes to attract careless investors.
On March 18, the newly launched Non-Fungible Token (NFT) project Rare Bears confirmed a successful phishing attack that lost almost $800,000 in NFTs.
As Cointelegraph reported, the hacker was able to hack into the broker’s Discord account and distribute phishing links that ended up emptying the user’s wallets. The Bare Bears team was eventually able to remove the hacked account and secure the server from further attacks.