Bitcoin Wallet of the Failed BTC-E Exchange Wakes Up

A crypto wallet attributed to the BTC-e exchange that's been linked to the 2014 Mt. Gox hack burst into life Wednesday with its largest transaction since August 2017, sending a total of 10,000 bitcoin ($165 million) to two unidentified recipients.

As part of the transaction, which took place about 08:38 UTC, a wallet that received 3,500 bitcoin forwarded 300 BTC to another destination. That was split further and landed in several wallets not attributed to any known custodial service. The distribution pattern is open to interpretation: It's possible the wallet owner simply sent the money to other wallets of their own, sent it to other people or cashed out through an unofficial over-the-counter broker. The remaining 6,500 stayed put.

(By Anna Baydakova)

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