BTC-e’s wallet spurred back to life: 10,000 BTC sent by Mt.Gox-linked address

A Bitcoin wallet of the now-defunct BTC-e exchange– an organization included with 2014’s Mt. Gox hack– awakened to send its most significant deal given that August 2017.

On Nov. 23, a crypto wallet holding BTC-e’s Bitcoin sent out 10,000 BTC– worth almost $164 million since press time– in a single deal. The deal had 2 location wallets: one got 3,500 BTC and the other 6,500 BTC. The wallet that got 3,500 BTC forwarded the funds to another wallet that divided it even more and spread it amongst numerous wallets of unidentified association.

Back in 2014, Mt. Gox was struck by a hack that siphoned 744,408 BTC– worth $12.22 billion since press time– out of the platform and led to it completely closing down. The U.S. Department of Justice later on purchased the arrest of supposed BTC-e operator Alexander Vinnik in 2017.

The wallet associated with today’s deal was credited to BTC-e by Russian crypto business owner, Sergey Mendeleev, who detailed his findings in a devoted report. Vinnik was struck by extradition orders from France, Russia and the United States after his arrest was carried out by Greek authorities.

Vinnik was very first extradited to France in 2020 where he was sentenced to 5 years for cash laundering and this August was extradited to the United States where he will deal with the allegations of “computer system invasions and hacking events, ransomware rip-offs, identity theft plans, corrupt public authorities and narcotics circulation rings.”