{"id":20055,"date":"2023-04-20T22:15:05","date_gmt":"2023-04-20T22:15:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dormant-bitcoin-wallet-linked-to-mt-gox-saga-moves-60-million-for-the-first-time-since-2013-bitcoin-news\/"},"modified":"2023-04-20T22:15:05","modified_gmt":"2023-04-20T22:15:05","slug":"dormant-bitcoin-wallet-linked-to-mt-gox-saga-moves-60-million-for-the-first-time-since-2013-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dormant-bitcoin-wallet-linked-to-mt-gox-saga-moves-60-million-for-the-first-time-since-2013-bitcoin-news\/","title":{"rendered":"Dormant Bitcoin Wallet Linked to Mt Gox Saga Moves $60 Million for the First Time Since 2013 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to onchain data, a bitcoin whale address transferred 2,071.5 bitcoin, worth approximately $60 million, after remaining dormant since December 19, 2013. Interestingly, this bitcoin address is linked to two wallets that sent 10,000 bitcoin last summer for the first time in nine years and are associated with the now-defunct exchange Mt Gox.<\/strong><\/p>\n

2,071 Bitcoin Spent on Wednesday Linked to the \u20181McUC\u2019 Mt Gox-Associated Address<\/h2>\n

On April 19, 2023, at 4:45 p.m. (UTC), a previously inactive wallet since 2013 moved 2,071.5 BTC<\/a>. The stash was valued at around $1.36 million when it first arrived at the address \u201c1JdTW<\/a>\u201d and had grown to $60 million by the time of transfer on Wednesday. Several BTC<\/a> parsers, including Btcparser.com caught<\/a> the movement. Furthermore, Bitcoin.com News discussed it with blockchain researcher Taisia, the admin of the Telegram channel \u201cGFISchannel.\u201d<\/p>\n

\"Dormant
Screenshot of Taisia\u2019s onchain analysis of the 2,071 BTC<\/a> that moved on Wednesday, April 19, 2023.<\/figcaption><\/figure>\n

Taisia identified<\/a> that the funds were connected to the \u201c1McUC<\/a>\u201d address that Bitcoin.com News reported<\/a> on in August 2022. The \u201c1McU\u201d address is related to the now-defunct crypto exchange Mt Gox and may be connected to the exchange hack that took place on June 19, 2011. According to Taisia, the most intriguing aspect of the 2,071.5 BTC<\/a> movement on Wednesday is its origin.<\/p>\n

Taisia stated that examining the original chain of movements revealed two wallet groups previously identified leading to the same \u201c1McU\u201d address mentioned in two articles<\/a> last year. \u201cIn my opinion and those of several blockchain analysts, this wallet belonged to Jed McCaleb, Mt Gox\u2019s original owner and Ripple\u2019s creator,\u201d added the analyst.<\/p>\n

Many people noticed<\/a> the 2,071.5 BTC<\/a> move, like Taisia; OXT researcher Ergo BTC<\/a> also linked the transaction to the \u201c1McUC\u201d address. \u201cFirst activity in this wallet sequence since last summer. 4K [bitcoin] left,\u201d Ergo wrote<\/a>. \u201c[By the way,] this was a Kraken deposit,\u201d Ergo added<\/a>. Using our heuristics and onchain clustering tools, Bitcoin.com News can confirm that the funds are associated with the \u201c1McUC\u201d address and Mt Gox saga.<\/p>\n

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2013 address<\/a>, Bitcoin<\/a>, Blockchain<\/a>, Btcparser.com<\/a>, Cryptocurrency<\/a>, dormant wallet<\/a>, Ergo BTC<\/a>, Mt Gox<\/a>, Mt Gox Bitcoin<\/a>, Onchain data<\/a>, OXT<\/a>, Taisia<\/a>, Transaction<\/a><\/div>\n<\/div>\n

What do you think about the significance of this recent movement of dormant bitcoin linked to Mt Gox? Share your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie 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 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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