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Mt. Gox Wallet Transfers 6,800 BTC As Ex-CEO Plans To Redistribute $6B

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Mt. Gox Wallet Transfers 6,800 BTC As Ex-CEO Plans To Redistribute $6B

Mt. Gox Wallet belonging to the infamous Bitcoin (BTC) exchange has transferred 6,800 BTC to an unknown wallet.

Just days after former CEO Mark Karpeles declared plans to disperse BTC worth $6 billion to creditors.

iexclusivenews reports that Mt. Gox Wallet was a Tokyo-based Bitcoin exchange that closed in February 2014 following a cyberattack that resulted in the loss of 850,000 BTC.

Karpeles revealed in a recent interview that the exchange had around 200,000 BTC in its control after the company’s demise. Of which the trustee had already sold roughly 50,000 BTC for $600 million.

According to Karpeles, Mt. Gox‘s remaining 150,000 BTC has increased in value over time and is now worth over $6 billion.

This online news outlet gathered that following this disclosure, the previous CEO affirmed steps to re-distribute funds and settle debts with creditors.

Five days after Karpeles’ interview, Crypto Twitter’s @whale-alert highlighted that 6,800 BTC, worth nearly $319 million. Were transferred to an unknown wallet from a cold wallet belonging to the now-defunct Mt. Gox exchange.

Mt. Gox Wallet Transfers 6,800 BTC As Ex-CEO Plans To Redistribute $6B

Mt. Gox Wallet Transfers 6,800 BTC As Ex-CEO Plans To Redistribute $6B

Details on the 6,800 BTC transfer from Mt. Gox to an unidentified wallet.WhaleAlert is the source of this information.

Despite being out of business for more than eight years, the Mt. Gox crew has previously published a strategy to compensate creditors.

The transfer of 6,800 BTC, on the other hand, may indicate the start of the scheme.

While crypto businesses continue to implement new security measures in order to thwart attacks.

Bad actors have kept up with the development in order to entice unsuspecting investors.

Rare Bears, a newly established nonfungible token (NFT) initiative, confirmed a successful phishing attempt on March 18 that resulted in the theft of over $800,000 in NFTs.

According to iexclusivenews, the hacker gained access to a Discord moderator’s account and posted phishing links, draining user wallets.

The Rare Bears team was eventually able to deactivate the hijacked account and protect the system from additional intrusions.