10,000 BTC worth over $165 million has moved from the wallet belonging to BTC-e, a crypto exchange allegedly involved in the infamous Mt. Gox hack.
Crypto has survived worse than the fall of FTX: Chainalysis
Mt. Gox was a Tokyo-based cryptocurrency exchange that once accounted for more than 70% of Bitcoin transactions. In 2014, the exchange was hacked with thousands of Bitcoin stolen, the exchange filed for bankruptcy shortly after. BTC-e, which had its servers located in the United States, had its website shut down and funds seized by the Federal Bureau of Investigation in 2017 after allegations that it was involved in money laundering, including crypto stolen during the Mt. Gox exchange hack.
According to Chainalysis, at the time of its shutdown BTC-e still held “a substantial amount of Bitcoin,” and in April 2018 moved over 30,000 BTC out of its service wallet. While the owners of BTC-e attempted to remain anonymous, Alexander Vinnik is thought to be the main operator and has beenA WizSecurity report released in 2017 alleged that BTC-e and Vinnik were directly involved in the
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