crypto strategy

Market envelope: who transferred 10,000 bitcoins from a wallet linked to the failure of the BTC-e exchange?

A crypto wallet attributed to the BTC-e exchange that was linked to Mt. Gox 2014 hack came to life on Wednesday with its biggest transaction since August 2017sending a total of 10,000 bitcoins, worth around $165 million, to two unidentified recipients, according to CoinDesk’s Anna Baydakova.

This article originally appeared in Market packagingCoinDesk’s daily newsletter diving into what’s been happening in today’s crypto markets. Subscribe to get it in your inbox everyday.

  • As part of the transaction, which took place around 08:38 UTC, a wallet that received 3,500 bitcoins transferred 300 BTC to another destination. This was split further and landed in multiple wallets not assigned to any known custody service.

  • The distribution diagram is subject to interpretation: It is possible that the owner of the wallet simply sent the money to other wallets, sent it to other people, or cashed it out through an unofficial OTC broker. The remaining 6,500 stayed behind.

  • Mt. Gox, the first bitcoin exchange, was robbed of 744,408 BTC and permanently closed in 2014. Alexander Vinnik, alleged to be the operator of BTC-e – which he denies – was arrested in 2017 at a resort near Thessaloniki, Greece, at the request of the US Department of Justice for money laundering and other allegations. .

  • The portfolio involved in Wednesday’s transaction was attributed to BTC-e by the Crystal Blockchain blockchain analysis system. The transfer was noticed by Russian crypto entrepreneur Sergey Mendeleev, who posted the sighting on his Telegram channel.

  • Discovery comes as the crypto industry suffers through its latest debacle, the collapse of FTX, and the fallout that has affected several businesses affecting the crypto exchange and its affiliates.

Other news

bitcoin (BTC) jumped about 2% after Federal Reserve November meeting minutes showed that the majority of central bankers prefer a slower pace of rate hikes going forward. The largest cryptocurrency by market capitalization was trading as high as $16,671 but had fallen back to $16,400 at press time.

“A substantial majority of participants felt that a slower pace of increase would likely soon be appropriate,” the minutes read. “Uncertain lags and magnitudes associated with the effects of monetary policy actions on economic activity and inflation were among the reasons given for the importance of such an assessment.”

Some altcoins have seen similar gains: Ether (ETH) followed BTC and rose around 3.9% to hit $1,170. At Solana’s FLOOR the token jumped 20%, while Binance’s internal BNB the token increased by 12%.

Stock markets turned green ahead of the Thanksgiving holiday: US stocks edged higher after the release of Fed minutes, with the Standard and Poor’s 500 index up 0.5% at the close. The Dow Jones Industrial Average (DJIA) gained 0.2% while the Nasdaq rose 0.9%.

Latest prices

CoinDesk Market Index (CMI)


+20.3 2.5%

Bitcoin (BTC)


+389.0 2.4%

Ethereum (ETH)


+44.2 3.9%

S&P 500 daily close


+23.7 0.6%



+13.1 0.8%

10-year Treasury yield



BTC/ETH price per CoinDesk Indices; gold is the COMEX spot price. Prices from around 4 p.m. ET

Overview of Altcoins

  • Pre-halving rally? Litecoins SLD the token hit a six-month high. LTC increased by more than 43%, from $55 to $78, this month, with prices up 13% in the past 24 hours alone. LTC’s bullish turn comes eight months ahead of Litecoin’s third mining reward halving, which will cut the pace of LTC supply expansion by 50%.

  • Anxious Ethereum players are now wondering when they will be able to access the funds. Ethereum core developers generally agree that the goal was always staked ether (ETH) withdrawals to open under “Shanghai”, the next update of its development roadmap. But a final date for withdrawals? This has not yet been defined.

Trending posts

#Market #envelope #transferred #bitcoins #wallet #linked #failure #BTCe #exchange #crypto strategy

Related Articles

Back to top button