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The latest reactivated dormant address are the Mt. Gox hackers ($126M+)

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The latest reactivated dormant address are the Mt. Gox hackers ($126M+)

Yesterday a dormant Bitcoin address transferred funds for the first time after 7 years and it turns out it probably belongs to the Mt. Gox hackers. 2,720 BTC equal to 126,010,161 USD were transferred out of the wallet. The funds have a direct connection to the old cold/hot wallets of the Japan based exchange Mt. Gox that was hacked several years ago.

The Whale Alert detected the wallet.

Here is the TXID: https://www.blockchain.com/btc/tx/d2d5f92d23567292a6ec40a911b2dbe9b326abeb4909a5e351a83c36cd580a65

The hacker wallet movements on the blockchain.

https://preview.redd.it/e4c2o96lton71.jpg?1892&format=pjpg&auto=webp&s=4f4dcb0b9ae6c4567f5fd66ce349669a7614acd4

Most of the funds will probably never be sold since large amounts require KYC nowadays at exchanges and the funds can be tracked/linked directly to the hack, which makes them "dirty coins". The sudden movement after 7 years seems odd, it could be due to prison time, cold storage re-organising or a lost wallet found again. Here you can check the wallet movements from Mt. Gox to the hackers on the blockchain yourself: https://explorer.crystalblockchain.com/visualization/ZtCKHMmpD672LZ73?x=-239.49240112304688&y=-402.4735412597656&k=1.3195078372955322

submitted by /u/sikeig
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