news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    The Market On The Edge: Gareth Soloway's Shocking Revelation

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    What Is a Trading Strategy || Guide to Cryptocurrency Trading Strategy for Beginners

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Polygon MATIC Price News Today – Elliott Wave Technical Analysis Update, This is Happening Now!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Injective Protocol INJ Coin Price News Today – Elliott Wave Technical Analysis and Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy – Bitcoin News

September 5, 2022
Reading Time: 9 mins read
0
Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy – Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

U.S. congressman says crypto mining tax scrapped in debt ceiling deal – Forkast News

May 30, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

May 29, 2023

Last week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001 bitcoin to a myriad of wallets. Heuristics and clustering techniques indicate that the bitcoins were associated with Mt Gox, roughly around the same time the exchange was hacked in June 2011. Five days later, 5,000 bitcoins were transferred from a wallet created on the same day in 2013, and the stash of coins were also connected to Mt Gox in some type of fashion.

The Onchain Tale of 15,001 Bitcoin Associated With the Mt Gox Saga

Another 5,000 so-called ‘sleeping bitcoins,’ from a wallet created on December 19, 2013, were transferred on September 4, 2022. The action, caught by Btcparser.com, took place five days after 10,001 bitcoin (BTC) moved from two bitcoin addresses created close to nine years ago on the same day in 2013. The 5,000 BTC sent on Sunday, September 4, 2022, have a mysterious history as they are associated with the now-defunct Mt Gox bitcoin exchange right around the same time the exchange was hacked in June 2011.

In June 2011, Mt Gox was hacked and reports at the time noted that 25,000 BTC was stolen from the exchange that was siphoned out of 478 accounts. After the breach, an individual published the Mt Gox userbase on Pastebin in plaintext with hashed passwords. On Sunday, June 19, 2011, Mt Gox saw volatile trading activity and that day, BTC’s price dropped from $17 per unit to $0.01 per unit. 2,000 BTC was reportedly stolen on June 19, 2011, as well. The BTC address “1McUC” is somehow associated with the Mt Gox saga and was created on June 19, 2011. The bitcoin address “1McUC” is also connected to the 15,001 BTC that moved on August 28, August 29, and September 4, 2022.

When our newsdesk reported on the 10,001 BTC associated with Mt Gox, there wasn’t much fanfare about the coins moving. Coindesk columnist Jocelyn Yang, however, discussed the situation with a data engineer at Coin Metrics. The engineer said the bitcoins from 2013 may have been associated with “an old Kraken cold storage address, a Kraken OTC (over the counter) deal, [or] a Kraken user.” Then on September 3, 2022, the OXT researcher Ergobtc published a Twitter Thread that cites our report quoting OXT user Taisia, the admin of the GFISchannel Telegram group.

“By referring to the work of a well-informed OXT user, bitcoin.com [is] much closer to the mark than Coindesk,” Ergobtc said. “Despite a Kraken deposit, these coins are not sourced from Kraken. They are however sourced from Mt Gox and possibly controlled by Jeb McCaleb.”

Ergobtc further discussed the two addresses (1,& 2) and explained how OXT can backtrack the source of the coins. “Doing so leads to a large cluster with a user annotation,” Ergobtc details. “The user annotation to this cluster links to a blog post by @wizsecurity blog. Wizsec is the Mt Gox saga expert. The blog post references an address belonging to Jeb McCaleb and wrongfully claimed by CSW.”

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

Evidenced by the telltale denomination splitting with secondary splits down to 10 BTC. Splits are co-spent with Coinbase clustered addresses. These coins are sourced from the Gox saga, and possibly controlled by Jeb McCaleb. Two txs for 5K BTC were sent to Kraken and Coinbase.

Another Strange Transaction Associated With Mt Gox Moves on September 4

At block height 752,637, on September 4, 2022, 5,000 BTC was sent from “18xGH” and the address was created on the same day (December 19, 2013) as the two addresses that sent 10,001 BTC on Sunday, August 28, and Monday, August 29, 2022. Moreover, by backtracking the transactions, the 5,000 BTC are also connected to the Mt Gox saga and the address “1McUC.” At the time of writing, the address “bc1qp” held 4,929.43 BTC that stemmed from the 5,000 sent on Sunday. By Monday morning, 8:00 a.m. (ET), the coins were dispersed to a myriad of multi-signature bitcoin addresses. Bitcoin.com News spoke with the admin of the GFISchannel Telegram group Taisia about the latest movement.

Onchain visual provided by the GFISchannel administrator Taisia.

“The situation is quite strange,” Taisia told Bitcoin.com News. “The dev of oxt.me confirmed to us that in his opinion, the bitcoins are indeed connected with Mt Gox, and possibly belong to Jed McCaleb.” The GFISchannel administrator also said she spoke with the former Mt Gox CEO Mark Karpeles who “did not directly confirm this information, although he did not rule out that it was ‘close to the truth.’”

“If these are really McCaleb’s bitcoins, why won’t he make a statement to stop speculation on this topic?” Taisia asked during her conversation with Bitcoin.com News. “And, returning to the original question, why are all these movements going on right now? In the midst of the FUD with trustee payments and Vinnick’s recent extradition to the United States.”

Once again a blockchain parser, onchain analysis, and heuristics discovered thousands of bitcoins with an interesting past. These ancient bitcoins that sat idle for close to nine years only to wake up when BTC is trading for $19.9K. It should be noted that these coins have absolutely nothing to do with the bitcoin payments associated with the Mt Gox trustee, except for mere coincidental timing with the trustee’s latest update. Presently, Mt Gox creditors have not seen a hard date set for payment distribution, despite rumors and inaccurate reports last week saying this was 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.com, Cryptocurrency, Ergobtc, GFISchannel, gfoundinsh*t, Jed McCaleb, Mt Gox, Mt Gox Stash, Onchain movements, Onchain Research, OXT, OXT researcher, September 4, Stash, Taisia, Wex, whale, Whales

What do you think about the whale that moved 15,001 bitcoin this week and the association with Mt Gox? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.




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

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

U.S. congressman says crypto mining tax scrapped in debt ceiling deal – Forkast News

by admin
May 30, 2023
0

U.S. congressman says crypto mining tax scrapped in debt ceiling deal  Forkast News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Hong Kong Web3 industry forms new associations – Forkast News

by admin
May 29, 2023
0

Hong Kong Web3 industry forms new associations  Forkast News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 … – Securities.io

by admin
May 29, 2023
0

Bipartisan Agreement on US Debt Ceiling Sends Bitcoin Above $28 ...  Securities.io

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Americans Say There's Still One Brand Worse Than FTX – Blockworks

by admin
May 28, 2023
0

Americans Say There's Still One Brand Worse Than FTX  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency – Yahoo News

by admin
May 27, 2023
0

Shaquille O’Neal And Other Celebrities Are Facing A Lawsuit Due To Their Role In Promoting Cryptocurrency  Yahoo News

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
sprtoybat Wireless Headphones Grey

sprtoybat Wireless Headphones Grey

May 30, 2023
ClearCall 70 – Wireless Headphones with Microphone + Removable Boom Mic – Work Headphones Wireless Bluetooth, Over Ear Headphones with Mic, Work from Home Headset with Mic, Headphones for Laptop

ClearCall 70 – Wireless Headphones with Microphone + Removable Boom Mic – Work Headphones Wireless Bluetooth, Over Ear Headphones with Mic, Work from Home Headset with Mic, Headphones for Laptop

May 30, 2023
RIG 800 PRO HX Wireless Headset and Multi-Function Base Station for Xbox Series X|S, Xbox One, Windows 10/11 PCs – with Dolby Atmos for Headphones 3D Surround Sound – 24 Hour Battery

RIG 800 PRO HX Wireless Headset and Multi-Function Base Station for Xbox Series X|S, Xbox One, Windows 10/11 PCs – with Dolby Atmos for Headphones 3D Surround Sound – 24 Hour Battery

May 30, 2023
ROSIDA Wireless Headphones for TV, Over-Ear Bluetooth 5.0 TV Headset for Seniors, 196ft Wireless Range Support Optical,AUX, RCA and USB Output,High Volume, Hi-Fi Audio&No Delay,Up to 40 Hours Playtime

ROSIDA Wireless Headphones for TV, Over-Ear Bluetooth 5.0 TV Headset for Seniors, 196ft Wireless Range Support Optical,AUX, RCA and USB Output,High Volume, Hi-Fi Audio&No Delay,Up to 40 Hours Playtime

May 30, 2023

Latest News

sprtoybat Wireless Headphones Grey

sprtoybat Wireless Headphones Grey

May 30, 2023
ClearCall 70 – Wireless Headphones with Microphone + Removable Boom Mic – Work Headphones Wireless Bluetooth, Over Ear Headphones with Mic, Work from Home Headset with Mic, Headphones for Laptop

ClearCall 70 – Wireless Headphones with Microphone + Removable Boom Mic – Work Headphones Wireless Bluetooth, Over Ear Headphones with Mic, Work from Home Headset with Mic, Headphones for Laptop

May 30, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global